After in May 2019 the price broke through the level of 139.60 during the fall, it began to double along this level, every several months, either rising above it, or dropping beyond it.
This movement is regulated by two main trend lines, support - formed in August 2019 and resistance, which began to form in April 2018.
In August of this year, the price touched the resistance line at point 143.139, after which it fell and broke through the level.
For the last six months, the price has been moving between the resistance level and the support line, making only false breakouts. She didn't manage to change the trend and grow.
However, at the beginning of November, the price again touched the level and this time did not begin to fall, but continued to move with minimal deviations from the level. This move was accompanied by a series of false breakouts.
Now the price, after breaking through the level, stopped above it and I expect it to rise to the resistance line 141.681, and then reverse, break the level again and fall to the support line. So I expect the target - the support line 135.684.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
This movement is regulated by two main trend lines, support - formed in August 2019 and resistance, which began to form in April 2018.
In August of this year, the price touched the resistance line at point 143.139, after which it fell and broke through the level.
For the last six months, the price has been moving between the resistance level and the support line, making only false breakouts. She didn't manage to change the trend and grow.
However, at the beginning of November, the price again touched the level and this time did not begin to fall, but continued to move with minimal deviations from the level. This move was accompanied by a series of false breakouts.
Now the price, after breaking through the level, stopped above it and I expect it to rise to the resistance line 141.681, and then reverse, break the level again and fall to the support line. So I expect the target - the support line 135.684.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.