Price action is now a bearish cycle. Bounce inside based on the RSI wedge pattern. But breadown from channel to $8500 is possible. Cloud provides a lot resistance, in addition to the channel resistance to have a breakup from the channel.
Note
broke under channel.
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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.