As we can see, the price moved up to a strong resistance line, which originates in September 2018. This line is strong as it pushed the price away from itself many times. An example can be seen on September 1, 2020.
Please note that on November 3, the price bounced off the support line and began to grow steadily. The price was also able to break through the level and this did not prevent good growth. Today I expect the price to be able to bounce off the strong resistance line and return to the support line and support level.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.