I believe that the the support will be able to resist against going any lower.
Note
I recently noticed that there's a downwards flag being created Note
It has been a couple of days since my last update and the price has gone over the resistance. I now believe that the price will "bounce" on the yellow support and go into an uptrend.
Note
The price did go below the support and I have now plotted a now support.
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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.