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As we can see, the price started moving in a new channel. The price pushed off from the resistance line and began to fall. From this point on, the price starts in a falling channel. Notice how the price moves in our channel. There was also a false break, but it did not last long. Now the price is at the resistance line and starts moving down. As for me, this is a profitable and a good move down.📉
Today I expect that the price will start moving down and will be able to reach the lower channel 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.