Scenario 1 (Green arrow)
In case it turns up from the bottom of the dark blue parallel channel (2,944), it will eventually move to 3,10. Strong resistence points are (2,988-3,06)
Scenario 2 (Red arrow)
In case it breaks the support of the turquiose channel, it will eventually test the 2,909 Fibonacci support. If it does, support points are (2,87-2,83-2,75)
I personally think we'll see the Scenario 1 since Money Flow Indicator is below 10.
In case it turns up from the bottom of the dark blue parallel channel (2,944), it will eventually move to 3,10. Strong resistence points are (2,988-3,06)
Scenario 2 (Red arrow)
In case it breaks the support of the turquiose channel, it will eventually test the 2,909 Fibonacci support. If it does, support points are (2,87-2,83-2,75)
I personally think we'll see the Scenario 1 since Money Flow Indicator is below 10.
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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.