In our previous analysis, we rightly forecasted that the price will start a bearish move. In the coming week, we foresee the price to make a fake resistance break-out before falling towards the support level. Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.