The price has finally bounced back to the support line in the channel formation. From here the price can either bounce towards the resistance line or make a breakout through the support line and move lower. As the overall trend over the past 15 days has been bullish we do believe that the price needs to be corrected a bit, thus a breakout in a bearish direction seems highly probable. We are waiting for confirmation.
We wish you good luck with your trading!
We wish you good luck with your trading!
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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.