This is an update to our last post:
After finding support upon this trendline for so many test we are now seeing the first signs of weakness. As soon as price fell below our trendline we saw a very sharp decline in price.
Now that trendline could act as a new level of resistance. Any test back to the upside could be a test of blue trendline as resistance + test of last high (which could create some sort of double top). Will update this post when more developments occur.
After finding support upon this trendline for so many test we are now seeing the first signs of weakness. As soon as price fell below our trendline we saw a very sharp decline in price.
Now that trendline could act as a new level of resistance. Any test back to the upside could be a test of blue trendline as resistance + test of last high (which could create some sort of double top). Will update this post when more developments occur.
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.
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.