In early April, the price dropped from the resistance zone of 0.948. It has broken through the support 0.933 and the level 0.918. Then it tried to break through the support 0.907. This is the lower border of the channel - the March 2019 line. In 2019, there were two attempts to break the line, and both were false. Now I also expect the breakout to be false. The price will return to the channel and rise to the resistance level. The target is 0.918.
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UnknownUnicorn15614419
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I agree with the price increase, but I think that it might be worth looking for additional support lines on this chart, which could hedge a double false breakout. What do you think?
Lingrid
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Very nice that you shared your thoughts)
I also mind a bullish trend
🐂
Solldy
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I can tell where the price will be heading soon! As for me, the price will continue to rise long! It will not stay at the 0.918 level! Perhaps the dotted resistance line will hinder the growth, but I doubt it! Fixation on the upper channel line will happen soon!