The price has finally reached a long-term trend and may bounce back. The three possible possible scenarios are:
Note that there are several supports in the case of a "Worst scenario" offering the trader a good opportunity to go LONG.
- Best scenario (green trend): The price bounces at the long-term trend and offers a 1:5 trade opportunity at the nearest resistance about 0.77.
- Expected scenario (blue trend): The price bounces at the long-term trend and continues to rise steadily in a 1:2 trade opportunity.
- Worst scenario (red trend): The price breaks the long-term trend and continues to go low.
Note that there are several supports in the case of a "Worst scenario" offering the trader a good opportunity to go LONG.
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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.
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.