$AR two variants of price movement
We are outside of the uptrend channel, we need to close this week above the trend line to continue the growth.
I see two variants of price movement:
1) We can't consolidate above the trend line and continue falling (in this case the nearest support is the bottom bolinger band)
2) We will close this week or next week above the trend line, after which we will go up to the resistance area of 60-63
Always consider the state of the market.
I see two variants of price movement:
1) We can't consolidate above the trend line and continue falling (in this case the nearest support is the bottom bolinger band)
2) We will close this week or next week above the trend line, after which we will go up to the resistance area of 60-63
Always consider the state of the market.
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Disclaimer
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.