Hello friends! โ๐ผ I wish you only profitable trades!
As we can see, the price is now in a new channel. Since December 19, the price has been able to bounce off the resistance line, which originates in October 2020. The channel is falling, pay attention to this. The price bounces off the channel walls well and has never been able to break through them. The channel plays an important role in today's idea.
Now the price has bounced off the lower channel line and started its upward movement. I expect the price to continue to rise, but only to the upper channel line. Then the price will bounce off the upper channel line and start its downward movement.๐
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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.