Hello friends
Given the downward trend we are having, you can see that the power is in the hands of the sellers.
Now, if the price reaches the resistance areas, it is a good opportunity to sell. Be careful that if the structure breaks, it is no longer logical to sell.
So we should see the power of the buyers in the resistance area, but most likely we will see a price correction.
This analysis is purely technically reviewed and is not a buy or sell recommendation, so do not act emotionally and observe capital management.
*Trade safely with us*
Given the downward trend we are having, you can see that the power is in the hands of the sellers.
Now, if the price reaches the resistance areas, it is a good opportunity to sell. Be careful that if the structure breaks, it is no longer logical to sell.
So we should see the power of the buyers in the resistance area, but most likely we will see a price correction.
This analysis is purely technically reviewed and is not a buy or sell recommendation, so do not act emotionally and observe capital management.
*Trade safely with us*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.