price is moving into a descending channel, seems the longer charts is forming bullish trend.
at the moment it is hard to say price will break the channel upward or drop to the support
area first. so I draw a dotted baseline as you can see on the chart.
closing below the line has more chance to drop into the support area, however if the price could
manage to close above the channel has more chance to hit the next resistant level around 1800$.
Enjoy the market
#WOMAN. LIFE. FREEDOM
at the moment it is hard to say price will break the channel upward or drop to the support
area first. so I draw a dotted baseline as you can see on the chart.
closing below the line has more chance to drop into the support area, however if the price could
manage to close above the channel has more chance to hit the next resistant level around 1800$.
Enjoy the market
#WOMAN. LIFE. FREEDOM
Trade active
if the price close below the level one more time will continue to drop.Note
correct my last chart:below ranged area can drop, above the ranged area can rise.
Trade closed: target reached
.....our main 1800 level hit after the resistant level of ranged zone broke.
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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.