It is increasingly likely that we have seen a major trend reversal.
May that despite the long-term bearish trend and the price reaching a multi-year low only a week ago, the price has been steadily rising, printing higher lows and new higher support levels.
This was a partially good call as the day was a strong up day, so I was right about bulls having the edge over the short term. However, I was too sceptical of the ability of the price to make a stronger, long-term bullish movement, and this is what we have seen over the past couple of weeks.
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