We are in the daily timeframe. As you can see, the price has hit our support line several times,one, two, three, four times and now is moving up. There is a resistance line which the price has hit several times and has not been able to move past it. As you can see we have a price congestion here where if the price hits, it can be supported and move up. But if the price breaks this support line and move down, our falling scenario will be confirmed. It will make a pullback and then fall. We need to wait and see if it can break this support line which will then turn into a resistance line. This is a little far-fetched. If the price is supported at this line overhear and go up, it can see our numbers.
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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.