In the middle of autumn 2020, the price started an uptrend, during which it first managed to reach and then break through the 0.916 support level. This was an important breakout as the level is strong and after the price rallied above it it became an impressive support for it.
As a result, the price almost immediately broke through the support line at 0.966. After that, it rolled back, fixed on the line and continued its steady growth. Finally, it came to a strong resistance line at 0.984.
This is a strong line that started to form on the chart in September 2019. Now, we see a perfect fixation on the line. After the first touchdown, the price began to fall, then it worked out the correction and is now on the line again at the 0.985 point. This is a good position to start a downtrend.
I expect the price to fall after the correction at the resistance line. The target in this case is the support line at 0.972.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
As a result, the price almost immediately broke through the support line at 0.966. After that, it rolled back, fixed on the line and continued its steady growth. Finally, it came to a strong resistance line at 0.984.
This is a strong line that started to form on the chart in September 2019. Now, we see a perfect fixation on the line. After the first touchdown, the price began to fall, then it worked out the correction and is now on the line again at the 0.985 point. This is a good position to start a downtrend.
I expect the price to fall after the correction at the resistance line. The target in this case is the support line at 0.972.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.