The last idea worked out perfectly. As I said, it was a profitable sell signal.
In today's idea, the main role is played by the resistance line, which starts on March 20 and the support line, which starts on March 13. These lines are fairly recent, but notice how price listens to them. First of all, let's look at the support line. The price pushes off very well from March 30th. This is a good sign for our idea today. After all, the price is now near this line.
Today I expect the price to bounce off the support line and start its rapid growth. I think that the price will reach the resistance line. As we can see, the price has already repeated such movements, so the confirmation of my words is already visible on the chart. 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.