Hello fellow traders,
Referring to the chart above, price has close above the downward trendline suggesting that price might rally to the supply zone (drawn on the chart). If price does close above this zone, there's a possible chance that price might start to rally to the next zone.
however, if price does close below the weekly supply zone, there's a possible chance that price might retrace back to the weekly demand zone.
note: This is just our thoughts and opinion based on technical analysis that we see. This article is not a trading or financial advised. Kindly do your own research and risk what you can afford.
blessed trading everyone.
Cheers.
Referring to the chart above, price has close above the downward trendline suggesting that price might rally to the supply zone (drawn on the chart). If price does close above this zone, there's a possible chance that price might start to rally to the next zone.
however, if price does close below the weekly supply zone, there's a possible chance that price might retrace back to the weekly demand zone.
note: This is just our thoughts and opinion based on technical analysis that we see. This article is not a trading or financial advised. Kindly do your own research and risk what you can afford.
blessed trading everyone.
Cheers.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.