The 0.615 - 0.62 supply zone seems like a ghost town, price has either avoided (rejected) the area strongly or rushed right through
At that area, we have the top of the ascending parallel channel, while a descending trendline awaits as well.
Lots of confluence to short from the 0.62 price, but there's still the possibility of price bulldozing it's way up and through
Might take a week or 2 for this to play out
At that area, we have the top of the ascending parallel channel, while a descending trendline awaits as well.
Lots of confluence to short from the 0.62 price, but there's still the possibility of price bulldozing it's way up and through
Might take a week or 2 for this to play out
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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.