The instrument is in a downward local trend.
The asset entered a strong resistance zone, from where the seller resumed on large volumes, broke the local structure and gained a foothold at the bottom.
Liquidity was also collected beyond the previous maximum.
an inclined dynamic line with a lot of touches was formed, which indicates its possible penetration. the buyer is unable to update the highs, as a result of which the price is pressed to the inclined line.
The asset entered a strong resistance zone, from where the seller resumed on large volumes, broke the local structure and gained a foothold at the bottom.
Liquidity was also collected beyond the previous maximum.
an inclined dynamic line with a lot of touches was formed, which indicates its possible penetration. the buyer is unable to update the highs, as a result of which the price is pressed to the inclined line.
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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.