The price moves in a descending channel and has reached the upper part of the channel and a strong resistance level. It is expected to move downwards and target previous support levels as well as the lower part of the channel.
1D descending channel:
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1D descending channel:
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Related publications
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.