As we can see, the price is now in the channel. On December 17, the price began its falling movement. In this movement, the price is accompanied by a channel. The price constantly bounces off the lines and does not break them. Notice that today's idea is dominated by the upper and lower channel lines and the support zone.
Now the price is between the channel lines. I expect the price to start moving down and reach the lower channel line, which is in the support zone. Then the price will bounce off the line and start growing towards the upper channel line. This will be a good and profitable price increase.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.