As we can see, the support line and the resistance zone play the main role in today's idea. Since March 8, the price has been near the resistance zone and does not leave it. This means that the price is gaining lil for a strong move. I think the choice will fall on the fall. Note that there was an attempt to rally on March 13, but the price turned down. This is a sign that it's time to fall.
Today I expect the price to bounce off the resistance zone and start falling. I think that the price will be able to reach the support line. As for me, this will be a profitable downward price movement. 📉
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.
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.