Short-term bearish trend continuation
Updated
The chart is forming a symmetrical triangle which signifies a trend continuation. The price may bounce to another support before retesting the ¢6.93 level, and a potential bounce to the upside!
This is my first ever analysis, a feedback would be appreciated!
-JISOO
*NOT A FINANCIAL ADVICE*
This is my first ever analysis, a feedback would be appreciated!
-JISOO
*NOT A FINANCIAL ADVICE*
Comment
The price broke into the symmetrical triangle. However, it is approachingComment
the make or break levels at around ¢ 9.7 level. If it break the overhead resistance at this level, expect a trend reversal. If it fails, the triangle may act a support and continue to the previous target. - JISOOComment
P.S. There is also a decrease in volume so be mindful!Disclaimer
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.