Looks like we can open the bullish case.
Triangle formation has broken to the upper side
Re-Test of the triangle on the upside on Friday
Price above still above the 50 SMA
Short-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA)
Could be a nice long setup. Valid on the daily and weekly timeframe. If the price drifts further down, I would see this...
Very basic TA here. After breaking the bullish breakout of the triangle pattern to the upper side, we are entering the next bullish move after taking out the resistance at 25.40 USD. Perhaps with a short-term correction and a re-test of the 200's SMA (red).
