DOLLAR important breakout, consolidation and growth
Since May 2011, the price has been moving in an upward channel.
The largest channel breakdown was from 2014 to 2017.
Then the price moved above the resistance line.
Recently, the price bounced off the resistance line of the 100 channel. 63.
This served as the basis for the start of the fall.
Now the price has broken through the resistance line 93.75 (the former support line of the channel).
Fixed on her.
And then fell to the strong support level 90.63.
This is an important breakout that indicates a continued decline.
Next, I expect the price to break the level and move down to the next support level at 88.13.
Then it will go up from this level, fix at the level of 90.63 and after that it will be able to grow to the resistance line.
The target is 96.64.
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The largest channel breakdown was from 2014 to 2017.
Then the price moved above the resistance line.
Recently, the price bounced off the resistance line of the 100 channel. 63.
This served as the basis for the start of the fall.
Now the price has broken through the resistance line 93.75 (the former support line of the channel).
Fixed on her.
And then fell to the strong support level 90.63.
This is an important breakout that indicates a continued decline.
Next, I expect the price to break the level and move down to the next support level at 88.13.
Then it will go up from this level, fix at the level of 90.63 and after that it will be able to grow to the resistance line.
The target is 96.64.
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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🔻FREE Telegram channel🔻
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