In early January this year, the price was able to break through the strong resistance level of 0.775. However, a small line, also formed in November, prevented it from climbing higher. The price moved between it and the level for some time, then successively broke through first the resistance level, and then the resistance line 0.772. Then it touched the support line 0.759.
A few days ago, the price bounced off this line and rallied back into the resistance zone at the intersection of the level and the resistance line. The price has already touched this zone 0.775 and started to reverse. I expect that further it will fall and come to the line of support 0.766.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
A few days ago, the price bounced off this line and rallied back into the resistance zone at the intersection of the level and the resistance line. The price has already touched this zone 0.775 and started to reverse. I expect that further it will fall and come to the line of support 0.766.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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