There are R2 and R1 on the top of the chart which are resistance areas and they represent the unsuccessful triumphs of the price to rise at several points. And as you see, S1 used to be a long-term resistance area in the current chart. At the present, we observe the fluctuation of price over R1 after breaking this line upward Our expectation would include another rise to reach R2 and then via having some rising signs, there would be more rise predicted for the price to reach higher amounts. It is so probable that the price loses the support at R1 and more decline would happen toward S1. Do not forget to consider the market situation in lower time frames and then decide what to do; based on the multiple pieces of information which you would obtain from our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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