-Since the beginning of May the price started a strong uptrend until it reached the at about 81.708.
During that period, the price was following a low channel and the momentum was slowly increasing, a clear sign of upcoming expansion.
-The main resistance rejected the price, and it started a small period of consolidation before trying again to reach and break the .
-The price was rejected again and it bounced on the the main at about 78.209, starting a clear , still keeping the price between the main resistance and .
The price is clearly following an , bouncing constantly on the trendline support; The price is oversold and getting slowly more strenght, probably enought to reach one more time the .
I actually have a long position with my take profit at 81.790, I'll probably move the TP if the price will break the resistance with a strong market and no sign of inversion.
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