There is a downtrend on the instrument, a decrease in trading volumes, the buyer cannot update local highs, all this indicates the presence of its weakness.
In view of the above , a short breakout level was formed with several touches , as well as a downward slope - a descending triangle . I expect that the further inability to update the highs and the price tightening to the level of $ 1.390 will lead to its breakdown into the short.
In view of the above , a short breakout level was formed with several touches , as well as a downward slope - a descending triangle . I expect that the further inability to update the highs and the price tightening to the level of $ 1.390 will lead to its breakdown into the short.
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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.