As we analyzed yesterday and mentioned, the price was likely to form a range, and now this range has been activated. We need to wait and see whether the price breaks the range from the top or from the bottom. My personal opinion is that the probability of an upside breakout is higher due to the current conditions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.