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A little consolidation is now to be expected.
The CCI indicator shows a double bottom, which indicates the future growth. Also the Moving Mediums are far from the price, so the price should come to them (according to the theory of Technical Analysis).
This should help the price rise to the $ 63 resistance level.
Otherwise, sellers will fix the price below the $ 50.75 support level, then the price will continue to drop to the $ 43.97 support level.
_________________________________________
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A little consolidation is now to be expected.
The CCI indicator shows a double bottom, which indicates the future growth. Also the Moving Mediums are far from the price, so the price should come to them (according to the theory of Technical Analysis).
This should help the price rise to the $ 63 resistance level.
Otherwise, sellers will fix the price below the $ 50.75 support level, then the price will continue to drop to the $ 43.97 support level.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
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.
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.