The price has reached the monthly supply zone and has been over extended in this direction.
Therefore, the price is likely to return to the origin of this spike. A break in the purple trend line could be a good confirmation of a possible downtrend.
Good luck
Therefore, the price is likely to return to the origin of this spike. A break in the purple trend line could be a good confirmation of a possible downtrend.
Good luck
Trade closed: stop reached