- Recent candlesticks indicate strong upward momentum after a pullback.
- There is a higher low formation, suggesting a possible continuation of the uptrend.
- The presence of long wicks in recent candles suggests volatility and buyer strength.
- Support Levels: Around $33.20 - $33.40 (recent swing low and moving average support).
- Resistance Levels: Near-term resistance around $34.40 - $34.60 (recent highs).
- The price is moving towards the upper Bollinger Band, indicating bullish pressure.
- Declining volume on pullbacks suggests weak selling pressure.
- Short-term: Bullish
- Medium-term: Bullish as long as price remains above $33.20
- Long-term: Bullish if price continues to hold higher lows
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