We've got a trendline that has contained upward movements converging with a lower trendline that has stopped downward moves. One or both of these trendlines will break, should give us more idea of price direction.
Note
Updated the lower trendline, looks like this is a dynamic support that started before the bull run last year.Note
I give more weight to supports set during a time that ended up being bullish because i believe we are in a bull market for the time being at least and possibly the rest of the year.
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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.