Price made a bullish move and has moved above the resistance line. It is now in between the support and resistance that have formed a channel formation in the past. We are expecting the price to make a bullish move towards the upper indicated blue line, that is acting as a resistance. Before that, another small bearish move to the support line can form.
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.