In the previous analysis, we expected the trend line (black A) to slowly increase the price and if it breaks down, the price will start to decline. However, in the future, it is expected that whenever the trend line (red B) breaks upwards, the price will enter a range marked in yellow and eventually this range will break upwards. This analysis urgently needs to be updated in the coming days and this is just a possibility.
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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.