As we can see from the previous idea, the price is rapidly heading down. Therefore, in today's idea, we will consider the continuation of this movement.
As we can see, the support line and the resistance zone play the main role in today's idea. At the moment, the price is near the resistance zone. We have every chance that the price will be able to bounce off the zone and continue to fall to the support line. The resistance zone has already given strength to the price for this falling movement.
Today I expect the price to continue falling rapidly. I expect the price to reach the support line. This will be a fast and precipitous fall of the price downwards.📉
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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.