Considering the price behavior in the current resistance area, possible scenarios have been identified.
If the price breaks through the resistance area, the continuation of the upward trend will be likely. Otherwise, a downward trend is possible with the support trend line broken.
If the price breaks through the resistance area, the continuation of the upward trend will be likely. Otherwise, a downward trend is possible with the support trend line broken.
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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.