In the last idea we talked about the possibility that the price will be sold up to the area of 29000-29600, and after the publication of the rate data I expect a sell-off. The scenario is fully worked out and the price went down as we expected. My position sold at 28500 is already in profit, about 2%, and I believe that the scenario with further decline to the area of 27-26 thousand and even lower to the area of 25 thousand, remains in force. Technically we had a formed triangle, which was broken down, at the moment I expect a slight correction upwards and continuation of the decline, and if we break 27k the movement will accelerate.
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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.