#Render 1D chart;
Continues the downtrend that started in March with lower highs
It was last downtrending at $6.3 (CHoCH)
A close above the $7.2 level is required before we can talk about a rebound
Otherwise, the levels where it can go by making lower highs;
First OB support at $3.7
If it loses here, the IMB level will be $2.8.
Of course, although its first priority in every upward move is to overcome the previous low peak, it should not be forgotten that the downward trend line (red line) will also act as resistance.
Continues the downtrend that started in March with lower highs
It was last downtrending at $6.3 (CHoCH)
A close above the $7.2 level is required before we can talk about a rebound
Otherwise, the levels where it can go by making lower highs;
First OB support at $3.7
If it loses here, the IMB level will be $2.8.
Of course, although its first priority in every upward move is to overcome the previous low peak, it should not be forgotten that the downward trend line (red line) will also act as resistance.
For more you can follow me on X. @UgurTash
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
For more you can follow me on X. @UgurTash
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.