The red line is a broken S&R line which is now a very strong support.
on the other hand as it's clear from the chart we can see a regular movement of the price in an uptrend green channel.
considering the purple line as a S&R line and acting as a support, the intersection between the red line and our lower side of the channel and also the purple line, it seems to be a reasonable zone to rise the price up.
Remember that the yellow line above is the long-term downtrend line which is last target for this analysis.
confirmation timeframe: 1H
Goodluck...
on the other hand as it's clear from the chart we can see a regular movement of the price in an uptrend green channel.
considering the purple line as a S&R line and acting as a support, the intersection between the red line and our lower side of the channel and also the purple line, it seems to be a reasonable zone to rise the price up.
Remember that the yellow line above is the long-term downtrend line which is last target for this analysis.
confirmation timeframe: 1H
Goodluck...
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.