Last week the price broke through the support line (the lower line of the rising channel) 1.225. The price left the channel and went down to the support zone at 1.215. Two lines intersect in this area. The first is in March 2020, the second is even stronger from 2019. The price bounced off the support zone at 1.215 and started to rise. Then she rolled back. And after that I expect continued growth. The price will rise and touch the resistance line (lower channel line). The goal is 1.234.
--------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
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.