Hello friends! I wish you only positive and kind emotions!
As we can see, the previous idea went in our direction. The price managed to start moving down.
I want to remind you that in November, the price began its upward movement abruptly. On its way, the price was able to break through a strong line that originated in 2018. This means that the price increase was very persistent. Now the price has risen to the resistance zone , which also originates in 2018. A similar point can be seen at the beginning of the zone.
On November 24, the price bounced off the resistance zone and began to fall. Today I expect the price to continue falling and be able to reach the support zone. Then, I think the zone will be able to push the price up. As for me, the price will resume its upward movement and will be able to reach the resistance zone again.📈
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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.