The chart shows a descending channel pattern. Twice, the price hit 10,000 price mark (one at 9946) and rebounded strongly. This is a strong support level so sellers beware. It is now at this symmetrical triangle pattern where it can move either way. Wait for breakout and determine the next direction, if unsure, stay and watch price action.
Could the South Korean ban on anonymous account by 30 Jan be the trigger ?
Could the South Korean ban on anonymous account by 30 Jan be the trigger ?
Note
much faster than I thought. 2 long bearish candles appear and breakout of the triangle. we are waiting for pullback and sell to the target line
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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.