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Technical Analysis
A breakout occurred after a series of declines and consolidations.
The RSI is above 60, which is a sign of bullishness.
The price is trending above its 20-day moving average.
The price is still below the 200-day moving average, but we will see.
There has been an increase in volume over the last few days. which is a good sign.
The breakout candle has proper volume, so it can't be called a fake breakout.
A breakout occurred after a series of declines and consolidations.
The RSI is above 60, which is a sign of bullishness.
The price is trending above its 20-day moving average.
The price is still below the 200-day moving average, but we will see.
There has been an increase in volume over the last few days. which is a good sign.
The breakout candle has proper volume, so it can't be called a fake breakout.