As we can see, the price has been on the support line since April 18th. This means that the price is gaining strength for a sharp jump. As for me, this race will be directed upward. Today's idea is dominated by the support line that originates in January 2021 and the resistance line that originates in December. Notice how the support line pushed the price away earlier. This is a sign that the price will repeat this rise
Today I expect the price to bounce off the support line and start moving. I think the price will hit the resistance line. This will be the long-awaited rise in price.
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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.