Hi friends! I wish you set yourself up for a new profitable week!
As we can see, the price was able to bounce off the resistance line and start its downward movement. What can we expect today?
In today's idea, the main role is played by the resistance line and the support line. As we can see, the price listens well to the resistance line. See how the price repels from it repeatedly. This is a good sign for our idea today.
Today I expect the price to reach the resistance line. I think that the price will then bounce off the resistance line and begin to fall. The price should reach the support line.📉
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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.