As we can see, on the last idea, the price went in the direction of my arrow. The price was able to rise to the zone and break through it.
In today's idea, the main role is played by the resistance line, which originates in December 2020 and the support zone. At the moment, the price is at the resistance line. There is every chance that this line will help the price push down. Let me remind you that the price growth began on December 11, 2020.
Today I expect the price to start falling. Note that the resistance line did not pass price. The line has never been broken so far. I think that this time the price will also bounce off the line and start falling. I think that the price will be able to reach the support zone.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.