$Init Looking at the #Init chart, price is currently trading near the lower trendline that has been added on the chart. It appears that the market may attempt a breakout and retest of this trendline. If price manages to break and hold above this structure, it could open the door for a strong bullish rally in the coming period. However, at this stage, the breakout is not yet confirmed. We are patiently waiting for a clear breakout confirmation before taking any directional bias