From the beginning of November, we could observe a fairly confident rise in the price during which it was able to break through several support lines at once. The growth was accompanied by small pullbacks, but in general it was quite strong.
Based on experience, we can say that such a steady growth cannot be truly long and the price will begin to fall. It can be seen that this is already happening. The price reversed downward a little before reaching the strong resistance line.
The resistance line is very strong - 2015 education. A situation often occurs on a chart when the price reverses without even touching it. Now, over the course of a month, we have seen a prolonged rise in prices with minor corrections. The last pullback happened just at the beginning of last week and I doubt that now the price will be able to rise much.
I expect it to fall to the support line around 0.698. And this is a good position to open a sell trade I will never tire of reminding you of the importance of SL - set it above the price with the calculation of the ratio to TP at least 1/2. Around the position - 0.711, where the maximum of the previous growth is.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻