The chart shows a strong uptrend, respecting an ascending trendline with three confirmed touches (1, 2, and 3). The price is currently testing a minor resistance zone, which has previously acted as a rejection point.
At this moment, the price is near the trendline for a potential fourth retest (marked as "4?"). If the trendline holds, it could act as a springboard for another upward move, potentially breaking the minor resistance and continuing the bullish trend.
At this moment, the price is near the trendline for a potential fourth retest (marked as "4?"). If the trendline holds, it could act as a springboard for another upward move, potentially breaking the minor resistance and continuing the bullish trend.
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