The price is trying to create a breakout from the descending weekly channel in 1400$ area. The market is trying to create a new breakout from the daily resistance area and from the ascending 4h channel. We could see a retracement in order to grab new liquidity and create a breakout until the next supply zone on the 1600$ area
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.