1️⃣ Bullish Triangle Pattern The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout.
2️⃣ Strong Support Level The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside.
3️⃣ Broken Resistance Line The descending trendline has been broken, signaling a shift in momentum toward buyers.
4️⃣ Potential Uprise The breakout suggests upside potential toward: