The price has been bouncing off a rather strong rising support for a few days now. It has now touched the indicated first resistance, which is now a decision zone for the next move.
Should we see a break above, I am looking for a move towards the next resistance. If the resistance holds, looking for a bearish move towards the previously mentioned rising support, and a bounce towards yet another retest of the resistance.
Should we see a break above, I am looking for a move towards the next resistance. If the resistance holds, looking for a bearish move towards the previously mentioned rising support, and a bounce towards yet another retest of the resistance.
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.
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.