After a sharp fall and breaking through two resistance lines, the price fixed on one of them.
We keep the direction of the previous trade and expect a fall.
The weekly chart shows that this is a very strong resistance.
In July, the price already managed to break through these lines during a strong growth.
Now it happened in a downtrend.
And the fact that the price was able to break through this zone, as well as adjust to the line, may indicate the beginning of an imminent fall.
This is a good sell signal for us.
I expect the price to fall towards the historically strong support line - TP.
SL - resistance zone in the area of two lines.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
We keep the direction of the previous trade and expect a fall.
The weekly chart shows that this is a very strong resistance.
In July, the price already managed to break through these lines during a strong growth.
Now it happened in a downtrend.
And the fact that the price was able to break through this zone, as well as adjust to the line, may indicate the beginning of an imminent fall.
This is a good sell signal for us.
I expect the price to fall towards the historically strong support line - TP.
SL - resistance zone in the area of two lines.
--------------------------
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
Related publications
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
Related publications
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.