Overall Bearish depending on how prices react to resistance
Note
WellSo far everything's happened exactly as expected. If the current support line is surpassed (Which I think is more likely), expect prices to drop quite a bit.
Note
There was another bullish rally, which ended exactly where I drew the Supply box and then prices dropped to the drawn Demand areaNote
BoomThe power of supply and demand.
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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.