In our previous analysis, we correctly forecasted that the price will reach the confluence between the trendline and the resistance area.
In the coming days, we will study the price action to see if we get any signs of reversals or if the price will continue the small bullish trend above the trendline. If the blue trendline will be broken, then we would expect the price to reach the $22 territory.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming days, we will study the price action to see if we get any signs of reversals or if the price will continue the small bullish trend above the trendline. If the blue trendline will be broken, then we would expect the price to reach the $22 territory.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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