The long shadow of the supply candle has set the (green) between levels $ 25.84 - $ 30.00 and only a serious violation of this zone can turn against bulls. The consequence of this market behavior would be a fall in the price towards the golden around the level of $ 20.00.
For now, however, there are no grounds to believe that the low of $ 25.84 is the end of the wave (2). Therefore, the rate should still be set on increases towards the (pink) after the peak at $ 40.00.
TREND AND IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
- for further increases - the level of $ 33.70 and later $ 35.50
- for continuing correction - level of $ 33.70 (resistance) and $ 25.84 (support)
- for the continuation of falls - the level of $ 25.84 and later $ 20.00
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Keep an eye on 21.83.
Breaking the $ 17.00 level means invalidating the impulsive growth scenario.