As we can see, the price moves uncertainly. It follows the line of resistance that begins in November 2020. The price does not move far from the line. Yesterday I said that the price will reach the support zone. It can be seen that almost the price succeeded, but soon the price began to rise. In this idea, the support zone and the support line play a major role.
Today I expect the price to break through the support zone. To begin with, the price will continue to fall and will be able to reach the support zone, then the price will break through it and be able to reach the support line, which originates in November 2020. I think it's time for the price to drop.📉
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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.