The price has formed a small falling wedge pattern on lower time frames and has successfully broken out in an upward direction. We may now see an upward rally. You can consider opening a long position here and adding more if the price declines to the support area.
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BANANA analysis:
The price has formed a small falling wedge pattern on lower time frames and has successfully broken out in an upward direction. We may now see an upward rally. You can consider opening a long position here and adding more if the price declines to the support area.
Support Area: $19.50-$20.50
Resistance Area: $22.80-$23.00