The possibility of a price breakout and a sharp price increase after the trend line breakout is only possible here, but after the price starts to rise, it will likely reach its previous high. Here, the MACD and trend line are used to get signals and in a multi-time frame format.
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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.