Following the yellow channel, we are bouncing of the support of $303. We could range here for a few hours before moving on up to $330
Note
Although the yellow channel was broken at $300, I am not ready to give up on it yet. Another break and I will review the channel. Otherwise, we are still good for $330. On the short term, $316 marks a safe exit for anyone who entered/added at $300 as we know this to be a recently popular price zone.
Note
Incorrectly drew trend. Update below:
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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.