GJ Resistance Approached
GJ had a significant growth in the past few days and currently price has approached to the red resistance zone and has been held.
As you see in the 4H time frame, there was a descending trend line which was broken to the upside.
For now, we should wait for price to see if it breaks the resistance area or throw back to the yellow support zone.
If price failed to break the resistance zone, in lower time frame (1H), watch for any reversal signal like double top or H&S pattern to sell.
As you see in the 4H time frame, there was a descending trend line which was broken to the upside.
For now, we should wait for price to see if it breaks the resistance area or throw back to the yellow support zone.
If price failed to break the resistance zone, in lower time frame (1H), watch for any reversal signal like double top or H&S pattern to sell.
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