As we can see, the price is now at the resistance line, which originates in January 2021. Notice how the price bounces off this line. I deliberately focused your attention so that you better understand what I am talking about. The support line also plays a major role in today's idea. It also starts in January 2021 and will have to meet the price today.
Today I expect the price to start falling. I think the price will bounce off the resistance line and start falling. The price should reach the support line. This will be a profitable drop in price.๐
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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.