Hello all and good morning to everyone.
$9,350 resistance is proving to be strong as of currently. If price continues on this local trend we can expect the descending support line to hold up near this demand level marked on the chart as well as the 0.786 Fib retrace. The channel itself would be expected to have bullish ramifications even if only short lived.
Not trade of financial advice.
$9,350 resistance is proving to be strong as of currently. If price continues on this local trend we can expect the descending support line to hold up near this demand level marked on the chart as well as the 0.786 Fib retrace. The channel itself would be expected to have bullish ramifications even if only short lived.
Not trade of financial advice.
Trade closed: target reached
Both marked demand and supply areas have been hit
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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.
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.