The price has been repeating the same pattern for months…
It drops to the $19 support level (blue line), then climbs back up to the $22 resistance (purple line).
When it breaks above $22, it rallies to $26 (light blue line), only to fall back to $19 after failed breakouts.
Last week, it closed above $22 and is now heading for a new test of the $26 level
It drops to the $19 support level (blue line), then climbs back up to the $22 resistance (purple line).
When it breaks above $22, it rallies to $26 (light blue line), only to fall back to $19 after failed breakouts.
Last week, it closed above $22 and is now heading for a new test of the $26 level
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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.