The price has touched the upper edge of the green channel for the third time.
Currently, the monthly candle is forming a doji resting on the purple support level.
The monthly doji was also the turning point during the previous reversal.
A break below this support—under $110—could trigger a decline toward the next blue support level.
Currently, the monthly candle is forming a doji resting on the purple support level.
The monthly doji was also the turning point during the previous reversal.
A break below this support—under $110—could trigger a decline toward the next blue support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.