• The price is currently engaged in an uptrend, demonstrating a consistent adherence to the 200ΕΜΑ.
• Notably, each encounter with the 200EMA has resulted in an upward rebound. Presently, the price exhibits a corrective phase. It is advisable to monitor the price's descent into the buy zone and exercise patience for the anticipated upward rebound before considering a long position.
• The expectation is that the price will test its recent swing high. Mn
• Price is moving in an uptrend and respecting the 200EMA.
• At the moment, it has broken the trendline and is showing signs of continuing the bullish momentum.
• We can expect the price to test its previous swing high or even reach new highs. So, get ready to ride this exciting bullish move and make the most of it!