For today's idea, I have chosen a new line of resistance, which plays an important role today. Notice how the price bounces off this line. At the moment, the price is approaching the resistance line. This is a good sign, as there is every chance that the price will push off from it, as it was before. since February 17, the price has been holding the resistance line. This time was enough for the price to gain strength and calmly could go in the direction of my arrow.
Today I expect the price to bounce off the resistance line and head down. I think the price will reach the support line. It will be a good 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.