The price of the asset is being traded on a range mode, without create neither higher lows nor lower lows leaving behind the previous bearish channel.
The asset has broken the resistance line that has mainained the price sine May 2017.
With this information and with the asset being trade in the price correction, we should expect a bullish break. But do not be surprised if the price continues to correct until it reaches the interest red zone.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested
The asset has broken the resistance line that has mainained the price sine May 2017.
With this information and with the asset being trade in the price correction, we should expect a bullish break. But do not be surprised if the price continues to correct until it reaches the interest red zone.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested