Price recently broke an ascending trendline (black line) indicating a possible trend change.
There is a resistance zone marked in the pink shaded area (around 3432–3450)
The price is expected to retest the broken trendline and resistance zone then potentially drop sharply
The target for the drop is near the support zone at 3385–3375 (grey box below).
Summary: Price may reject from the resistance and break down toward the lower support zone.
Drop your like and Comment ❤️
There is a resistance zone marked in the pink shaded area (around 3432–3450)
The price is expected to retest the broken trendline and resistance zone then potentially drop sharply
The target for the drop is near the support zone at 3385–3375 (grey box below).
Summary: Price may reject from the resistance and break down toward the lower support zone.
Drop your like and Comment ❤️
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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.