The price is forming a descending triangle at a strong fibo level of 38.2%. The trend line and 200 MA are important support levels. If the triangle is broken down, the price may break through the uptrend and fall to the level of 61.8% Fibo

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.