After the end of the previous downtrend, the price is forming a corrective pattern.
In the recent wave of correction, the price is expected to change within the specified support range and climb according to the specified direction.
The resistance range that determines the trend is the green resistance range. If the price can cross this range, it will be more likely that the uptrend will continue. Otherwise, a downward wave is likely to occur following the previous downward wave
In the recent wave of correction, the price is expected to change within the specified support range and climb according to the specified direction.
The resistance range that determines the trend is the green resistance range. If the price can cross this range, it will be more likely that the uptrend will continue. Otherwise, a downward wave is likely to occur following the previous downward wave