The last time I turned to this pair was a month ago and said that the price will come to the resistance line after pushing off the support line.
As you can see, that prediction came true. During this month, the price has covered quite a long distance. After it came to the resistance line, it pushed off it and reversed in a downtrend.
On the daily chart, we see that since September the price has formed a downward channel. And it moves in it regularly touching the support and resistance lines - the boundaries of this channel.
At the beginning of this week, the price just came to the resistance line, touched it, but could not break it. This means that the movement in the channel continues.
Thus, I expect the price to come to the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
As you can see, that prediction came true. During this month, the price has covered quite a long distance. After it came to the resistance line, it pushed off it and reversed in a downtrend.
On the daily chart, we see that since September the price has formed a downward channel. And it moves in it regularly touching the support and resistance lines - the boundaries of this channel.
At the beginning of this week, the price just came to the resistance line, touched it, but could not break it. This means that the movement in the channel continues.
Thus, I expect the price to come to the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.