We have a falling market, the price will drop to about 240 dollars
Note
We have a bear market, the price is going down to around $240At $312, we have resistance that will be broken soon
The price reaches the resistance at $270, rejects it and reaches $240.
Note
The price reached the first resistance and the probability of returning from this price is low, it will probably see the resistance price of $280.Trade active
The probability of resistance failure is very high. Price is reduced to 280
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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.