Despite price rallying of the March lows and almost making new highs, price rejected at the top of the range and formed a lower high which sets up the potential for a large bearish move.
I think it's likely that from here, that we at least go and test the support in the $.62 range, but I have a feeling that breaks and that we go and test the lower supports before the bull trend resumes.
Let's see how it plays out in the coming weeks.
I think it's likely that from here, that we at least go and test the support in the $.62 range, but I have a feeling that breaks and that we go and test the lower supports before the bull trend resumes.
Let's see how it plays out in the coming weeks.
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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.