On the weekly timeframe, we see a breakdown of the strong resistance level formed in April 2008, the global downtrend lasted 12 years.
In November 2020, the instrument breaks through the upper border of the price channel and grows to resistance, after which it returns to a correction to the border of the channel.
The instrument was unable to update the local high and enters a retest, a movement immediately consolidating at the level,
I think that there may be a deep false breakout and further growth towards the breakdown.
I stick to the long-term target - the upper boundary of the new upward price channel.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
In November 2020, the instrument breaks through the upper border of the price channel and grows to resistance, after which it returns to a correction to the border of the channel.
The instrument was unable to update the local high and enters a retest, a movement immediately consolidating at the level,
I think that there may be a deep false breakout and further growth towards the breakdown.
I stick to the long-term target - the upper boundary of the new upward price channel.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.