Currently, we have R2 and R1 as our resistance areas which both contain the disability of the price to rise. S1 used to be another resistance area and S2 is a support line. Thus, we have the price fluctuating in R1 area and our expectation would be a rising or falling tend to happen. If the price gives us some confirmation candles to rise, an increase would be predicted up to R2 or even higher amounts. Or if we receive some falling signs, the price will experience a fall to lower amounts such as S1 or S2. Let's wait for our updates and see what happens.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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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.