The price is still in the isosceles triangle. So far only testing of the uptrend line, which has been going on since the beginning of the year, has taken place. When the price moves in the triangle and its growth it is possible to speak about continuation of a bullish cycle.
However, if the price fixes lower, then the market may just collapse. And the lauded gold cross becomes a cross of death. One powerful impulse down is enough. Wait for it to continue.)
However, if the price fixes lower, then the market may just collapse. And the lauded gold cross becomes a cross of death. One powerful impulse down is enough. Wait for it to continue.)
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So far, we can talk about the formation of a downward local channel. You can trade in its resistance zones, or take positions after breaking through.
