In the monthly time frame,it can be seen that the price has reacted to 1/8 of Gann fans support line.This support line almost coincides with the mid line of the Bollinger bands.In the path of increasing the price 1/2 of the gann lines and the upper line of the bollinger band will act as a resistance zone in the range of 37 to 39 cents.This analysis is for educational purposes only.
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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.