As we can see on the graph, the price touched the trend line coming straight from $166, on chinese exchange this trend line has be broken but the price is trying to bounce back on.
Resistance is forming and $248 appears to be the key levels to break for the bulls.
I advice you to stay out of the market while price is in this area and to wait for a break out one way or the other.
I personally think about a bearish outcome but i m ready for both.
Resistance is forming and $248 appears to be the key levels to break for the bulls.
I advice you to stay out of the market while price is in this area and to wait for a break out one way or the other.
I personally think about a bearish outcome but i m ready for both.