In last review we asked ourselves a question “Will the growth be or not?”. The market gave the following answer to that question: the growth did not resume. Moreover, the decrease continued and has already exceeded 60 % of the previous rise of $ 105 - $ 180.
Thus, we can now confidently say that the breakout of declining low-moving average was unsuccessful.
The rate is going down to support above $ 100. This support repelled the previous two waves of decrease. How will it be this time?
The technical analysis shows us that it is the third attempt of breakouts strong levels statistically has the maximum chances of success.
We’ll see.
Is the breakout happens, the decline is likely to continue with new strength. As it is used to happening in case of significant breakouts.
If bears fail this time again, bulls will be able to perk up and start to make far-reaching plans.
Wish you profitable deals!
And follow our reviews.
Thus, we can now confidently say that the breakout of declining low-moving average was unsuccessful.
The rate is going down to support above $ 100. This support repelled the previous two waves of decrease. How will it be this time?
The technical analysis shows us that it is the third attempt of breakouts strong levels statistically has the maximum chances of success.
We’ll see.
Is the breakout happens, the decline is likely to continue with new strength. As it is used to happening in case of significant breakouts.
If bears fail this time again, bulls will be able to perk up and start to make far-reaching plans.
Wish you profitable deals!
And follow our reviews.
