The price is now at a strong support level and if it can be a double bottom it will retest the descending channel line and reach the orange resistance, but in the general direction the price prefers to fall due to breaking the black uptrend line. We also have a more beautiful scenario, which is if it can break the strong support we will go with the downward trend.
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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.