It broke the down channel in which it was moving and went down to the range of 29000. It is still in a downward trend and there is no sign of price growth. EMA 20 Cut the EMA 50 down and the price is below both. The 29000 range is a very important support range, and if it is lost, we can expect a further price drop to 23,500. The 35000 range is also a very important resistance that does not seem to be able to pass easily.
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.