As it can be clearly inferred from the DAILY timeframe graph, a neat descending channel has been formed and the price has successfully rejected the upper boundary of it. From here on, we are expecting for the price to keep dropping and reach the area of support plotted on the chart.
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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.