As we can see from the previous idea, the price could reach the upper channel line. The price follows my arrow.
I want to remind you that price is now in a new channel. As we can see, the price bounced off the support line, which originates in the month of December. It can be seen that the price did not break through the channel line, which means that the price can easily follow our direction.
Today I want to continue with yesterday's idea. I think the price will continue to follow my direction. I expect the price to fall. As we can see, the price has reached the upper channel line. Now is the time to push off from him and head down. I expect the price to be able to reach the lower channel line.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.