The price has been ranging since May 2020. within the ranging market price decreased respecting the pink channel.
Price is in a major support in which it fell to break below it since may 2020, therefore I expect the price to increase continuing the ranging market.
I can also see that a falling wedge pattern being formed near the key support area adding on to the confluence, indicating a possible increase in price until the next resistance as the grey path drawn.
Price is in a major support in which it fell to break below it since may 2020, therefore I expect the price to increase continuing the ranging market.
I can also see that a falling wedge pattern being formed near the key support area adding on to the confluence, indicating a possible increase in price until the next resistance as the grey path drawn.
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