The price is moving sideways from last autumn, and now looks like the buyers don’t have enough power to push the price higher, at least to reach the resistance from 121,84. As you can see from the Daily chart, the price is moving higher between the median line (ML) and lower median line (LML) of the ascending pitchfork. The price has failed to retest the median line, this is means that there is a bearish pressure.

The price is moving higher along the lower median line, the price can break down this support line, if this scenario will happen we’ll have to be ready for a downward movement.


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