Hello friends! ✌🏼
With the start of a new week!
As we can see, the last two ideas go in the direction of my arrow. At first, the price moved in the channel, but then exited from it. At the moment, the price is heading up towards the resistance line.
I want to remind you that on December 11, the price was able to bounce off the resistance line and go down. The price was also able to bounce off the support line and start moving up. In today's idea, the main role is played by the resistance lines and support lines starting in November 2020. Note that the price has bounced off the support line and is heading up. In today's idea, the price will complete the path begun.
I think the price will reach the resistance line today. Since the price did not break through this line earlier, this time the same action will take place. I expect the price to bounce off the resistance line and go down to the support line.📉
Do you agree?)
Your Solldy.
With the start of a new week!
As we can see, the last two ideas go in the direction of my arrow. At first, the price moved in the channel, but then exited from it. At the moment, the price is heading up towards the resistance line.
I want to remind you that on December 11, the price was able to bounce off the resistance line and go down. The price was also able to bounce off the support line and start moving up. In today's idea, the main role is played by the resistance lines and support lines starting in November 2020. Note that the price has bounced off the support line and is heading up. In today's idea, the price will complete the path begun.
I think the price will reach the resistance line today. Since the price did not break through this line earlier, this time the same action will take place. I expect the price to bounce off the resistance line and go down to the support line.📉
Do you agree?)
Your Solldy.