Notes
weekly chart:
- broke out of the downtrend from 2015-2021
- currently in an uptrend since it broke out in May 21
- strong resistance level ~@6.44-6.68
- touched the resistance level 5 times already
- weekly candle bearish
if it breaks the small support level at ~@6.03, there is a high potential that it will go down to @5.28
-> retracement back to the trend line (green line)
this is just an analysis from me. feel free for open discussion
weekly chart:
- broke out of the downtrend from 2015-2021
- currently in an uptrend since it broke out in May 21
- strong resistance level ~@6.44-6.68
- touched the resistance level 5 times already
- weekly candle bearish
if it breaks the small support level at ~@6.03, there is a high potential that it will go down to @5.28
-> retracement back to the trend line (green line)
this is just an analysis from me. feel free for open discussion