As far there is more rejection from the same zones (supports and resistances) there is more chance of breaking it in next attack. Price rejected two times from the resistance in last 2 weeks and now price is in ascending triangle and very soon we will see break on one or another side.
We have marked blue box (support zone) and if price break trend line, that support probably won't hold and it is more likely to visit 10800-10500 support.
On the other hand accumulation on this zone made some new support and made strenght for continuation of growing so if price don't break trend line soon we might see breaking 12000 resistance.
We have marked blue box (support zone) and if price break trend line, that support probably won't hold and it is more likely to visit 10800-10500 support.
On the other hand accumulation on this zone made some new support and made strenght for continuation of growing so if price don't break trend line soon we might see breaking 12000 resistance.
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