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As we can see, the price is between two lines. The resistance line starts on November 8, and the support line starts on October 27.Although the resistance line was formed not so long ago, we see how the price breaks it down. The price tried to break through it several times, but it failed.
Today I expect the price to continue moving up to the resistance line. There the price will repeat its movement and bounce off the line and head down. I think that the price will be able to reach the support line, which originates in late October.๐
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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.