Price rejected at the white frequency line. We are definitely seeing sideways movement with no signs of being bullish at this point. My hypothesis is that the price will follow the yellow trend lines.
Red line has acted as good support and if the price pierces it, bears are in control.
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Red line has acted as good support and if the price pierces it, bears are in control.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
