After the decline in price that we see today, price is now holding at the ascending trendline that we've placed on the lows from the end of last month.
We've seen how strong the trendlines are many times. That's why we will watch out for price action right now, and is it going to hold there.
In this case we wouldn't suggest to enter buy orders as we have lower highs before that.
That means, if we see price closing below the trendline, we will most possibly see a downside continuation.
The first support is at 31 400!
Follow us for more specific opportunities!
We've seen how strong the trendlines are many times. That's why we will watch out for price action right now, and is it going to hold there.
In this case we wouldn't suggest to enter buy orders as we have lower highs before that.
That means, if we see price closing below the trendline, we will most possibly see a downside continuation.
The first support is at 31 400!
Follow us for more specific opportunities!
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