* 4H
The downward trend line, which began on July 13, has already received support after breaking through, and the long-term upward trend line, which began in January this year, continues to support.
Currently, the short-term downward trend line is supported after breaking through, but if the support is not broken, it is likely to rise to the top of the red downward trend line in the short term.
If support comes out after breaking the red downward trend line, it will rise to the $30300-30600 range.
If the short-term downward trend line is broken, it could fall back to the $29150-29200 range.
I think it's more likely to rise.
Let's see.
Note
Supported by the previously broken short-term downward trend line, it is currently breaking the $29500 resistance and short-term downward trend line.
The next target and resistance is $29800-$30000.
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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.