Looking forward to your graph, I am wondering what determines that the prices pass the 9000 mark or fall bellow the 7600? If both trend lines cross?
Thank you in advance for your reply!
UnknownUnicorn129775
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Depends. If we break the bearish channel we could expect a rally up and if we break the support trendline we could expect a retest to 7600...
If you want to short on resistances and long in supports the resistance/bearish channel is stronger than the trendline, as this one comes from a longer term than the support trendline. I was short when it retested the channel and no regreets about it.
Looking forward to your graph, I am wondering what determines that the prices pass the 9000 mark or fall bellow the 7600? If both trend lines cross?
Thank you in advance for your reply!