Price has been moving in a downward channel since achieving an all-time high, with the upper, lower, and midway bounds being respected.
Price bounced off the lower barrier at the same time as the 0.618 Fibonacci level, resulting in a test of the higher limit.
As price approaches the upper border, a trade setup possibility emerges. A great long opportunity will be created if the price can break past the weekly and upper boundaries.
If the top limit is rejected, a solid short trade back to the range's middle will be available. Over the next few days, keep an eye on this one.
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Thanks and happy trading :)
Price bounced off the lower barrier at the same time as the 0.618 Fibonacci level, resulting in a test of the higher limit.
As price approaches the upper border, a trade setup possibility emerges. A great long opportunity will be created if the price can break past the weekly and upper boundaries.
If the top limit is rejected, a solid short trade back to the range's middle will be available. Over the next few days, keep an eye on this one.
<———————————————>
Follow us on our socials for more!
Thanks and happy trading :)
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.