- Price is moving inside an ascending triangle pattern. - EMA 50 > EMA 200 ==> Golden Cross; - EMA 200 acting as support at 22.50 region, also see increased volume; - Strong resistance level at 31.00 region ( breakout above would signal bullish movement); - Possibly on 3rd wave of Elliot impulse waves.
Conclusion: if price breaks above triangle and strong resistance level at 31.00 region, then bullish movement is confirmed.
Not financial advice, just my ideas. Let me know what you think.
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