Since March 2020, the price has been moving following a clear pattern, getting a rejection many times on the dynamic of that pattern.
At the end of November, the price reached and tried several times to break the trendline resistance, failing any single attempt, collapsing heavly until the at about 1.74000.
As we can see in the chart , the 1.74000 is an interesting zone, because gave to the price a strong impulse until the at 1.79000.
The 7th of January we got a similar situation and right now the price is following a movement, it broke the secondary and now is trying to reach the next target just on the dynamic resistance of the pattern.
Yesterday the price broke the secondary and the price seems is continuing the uptrend without any hesitation.
If the price will retest the support 1.76000 without break it, I would start looking for a Long position until the level 1.78000
Stay tuned for updates!
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