The price has been ranging since May 2020. within the ranging market price decreased respecting the pink channel.
Price is in a major support in which it fell to break below it since may 2020, therefore I expect the price to increase continuing the ranging market.
I can also see that a falling wedge pattern being formed near the key support area adding on to the confluence, indicating a possible increase in price until the next resistance as the grey path drawn.
Price is in a major support in which it fell to break below it since may 2020, therefore I expect the price to increase continuing the ranging market.
I can also see that a falling wedge pattern being formed near the key support area adding on to the confluence, indicating a possible increase in price until the next resistance as the grey path drawn.
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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.