On Friday, the price broke below this level and coming back above it to confirm again this old resistance as new support and creating a hammer candle.
Note
apologies for my broken notes above... here's how it should "sound": On Friday, the price broke below $26535 (black dotted line) and coming back above it to confirm again this old resistance as new support and creating a hammer candle (bullish price reversal) + bullish divergence on the MACD histogram (blue lines)
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.