[BUY SCENARIO]
If price move to 0.54500 and break the upward trend line then we can expect a bullrun in the market along with sharp move and 1st resistance will be 0.55000 and second resistance will be most probably 0.55750 and 3rd resistance will be 0.56500
[SELL SCENARIO]
If price move to 0.54500 resistance at 0.54500 and trend line rejects the price then we can expect that market will move along with trendline or follow the trendline and price will move in downward direction.
If price move to 0.54500 and break the upward trend line then we can expect a bullrun in the market along with sharp move and 1st resistance will be 0.55000 and second resistance will be most probably 0.55750 and 3rd resistance will be 0.56500
[SELL SCENARIO]
If price move to 0.54500 resistance at 0.54500 and trend line rejects the price then we can expect that market will move along with trendline or follow the trendline and price will move in downward direction.
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.