Price has correctively reached an important medium-term support zone, which is further reinforced by the presence of the 200EMA.
Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern.
These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern.
These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
