Hello dear friends
In the upward trend, the range of $85.2 was not fully consumed and the long-term descending channel was not broken upwards.
Considering these conditions and the signals we have in the lower time frames: if the current trend is below the purple range of $68.26, the possibility of forming a downward trend similar to the drawn scenario is strengthened.
We would be happy to hear your comments
In the upward trend, the range of $85.2 was not fully consumed and the long-term descending channel was not broken upwards.
Considering these conditions and the signals we have in the lower time frames: if the current trend is below the purple range of $68.26, the possibility of forming a downward trend similar to the drawn scenario is strengthened.
We would be happy to hear your comments
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So far everything has gone according to analysis. The possibility of continuing the downward trend has been strengthened.
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