To begin with, I want to remind you of my previous predictions that came true so that you can better understand the price movement. After the price worked out a sell trade and fell, it was able to break through the resistance line.
From this line the fall should begin.
The last time we opened a sell trade, as you can see, the price really dropped and now starts to grow.
The price will go down to the support line. This is a very strong line that has existed since September 2019. Therefore, it is unlikely that the price will touch it and be able to break it.
I expect this kind of movement. First, the price will rise to the resistance line, and only then will it fall and touch the support line again. The target is the support line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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.