As we can see, the price has broken our strong line. By all the rules, the price should have bounced off it, but due to the situation in the world, now you need to be ready for any price movement. Now the price is fixed on the support line and is moving along it.
At the moment, the price is in Canada, which is along the support line. We see that the price bounced off the upper channel line and began to move down. I expect that the price will continue its decline and will be able to reach the lower channel line and break the support line at a higher price. This is a good moment to fall.📉
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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.