Please Keep an eye on this one.
Let us see what price is doing.
1M time frame - Price is above the 20 MA from the continuously since july 2022 and this is the 4th month, when price is above 20MA.
- Also see bullish candle close last month on 20 MA
1W time frame - Price is trying to come up above 20 MA
- MACD and Histogram is also getting bullish.
- Down trend line also broke on weekly time frame
1D time frame - Price is already above 20MA
If price brakes and being closed above then 20 MA on weekly time frame then it could be quite bullish scenario.
This is not a financial advice. Please keep your own research as well.
Regards
Btschamp2020