The bullish trendline was broken at $51.32. The daily trendline angle is at 11 degrees which is another indication that the bullish trend is loosing steam. Price looks to be testing the equilibrium price to fill a gap from May 5th 2021 before dropping to fill the price gap from Nov 4th 2020.
If price breaks the supply level at $61.36 then wait for price to retest that level to become the new support.
There is no such things as 100% wins. Always proceed with caution and conduct your own analysis.
*Not Financial advice*
If price breaks the supply level at $61.36 then wait for price to retest that level to become the new support.
There is no such things as 100% wins. Always proceed with caution and conduct your own analysis.
*Not Financial advice*