Price is attempting to hold at the weekly 50 EMA and the lower boundary of the forming bearish channel. The weekly 100 EMA and the middle level of the channel are the nearest strong resistances. A break below the 50 EMA will send the price to the weekly 200 EMA and 200 SMA.
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.
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.