Another significant drop sends price just short of highlighted pattern support before attempting recovery.
Resistance is being held at 1650 critical which may serve as a flip zone for upcoming consolidation.
Breaking below pattern would very likely reverse this uptrend back to the descending pattern (solid blue).
Expect some sideways action but ultimately another volatile movement as we approach the breakout point.
www.tradingview.com/chart/gDBkksfy/
Resistance is being held at 1650 critical which may serve as a flip zone for upcoming consolidation.
Breaking below pattern would very likely reverse this uptrend back to the descending pattern (solid blue).
Expect some sideways action but ultimately another volatile movement as we approach the breakout point.
www.tradingview.com/chart/gDBkksfy/
