Price has remained in bearish channel since February, now price is testing major resistance. Thus, it is important to follow how price will move in the coming days.
Scenario One (Bullish breakout): Price breaks key resistance, trading below $8500
Scenario Two: Price rejects breakout, falling to the respective levels as seen in the chart.
Scenario One (Bullish breakout): Price breaks key resistance, trading below $8500
Scenario Two: Price rejects breakout, falling to the respective levels as seen in the chart.