The price has broken through the rising channel and is forming a narrow falling channel. The price is in the area of strong support. If the support level does not hold, the price will fall to the 38.2% Fibo levels and then 50%
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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.