The departure from the upward trend channel has led this product into a significant price decline. It is currently trading below the resistance levels of 2285 and 2290. A strong downward trend was established after taking profits at the $2305 mark, with stable trading activity observed on the 1-hour chart.
Given these observations, it wouldn't be surprising to anticipate further price drops after testing the aforementioned resistance levels (as illustrated on the 2-hour chart), with an expected decrease to $2.248.
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Given these observations, it wouldn't be surprising to anticipate further price drops after testing the aforementioned resistance levels (as illustrated on the 2-hour chart), with an expected decrease to $2.248.
If you find this post insightful and valuable, don't forget to leave a like and share your thoughts. It would make me extremely happy.
