The green line that the rising price blasted through was a major supply zone on the weekly chart, price took 3 days to knock it down.
The blue box was my prediction of major demand that I marked in at the beginning of Feb.
The top green line is the next major supply zone on the weekly chart, however it's already been tested previously so it will only hold if new sell orders have been placed.
My prediction is that it will hit the top green line and come back down to the lower green line for a little while, unless something major happens in the news.
This is a daily chart (one bar per day).
The green line that the rising price blasted through was a major supply zone on the weekly chart, price took 3 days to knock it down.
The blue box was my prediction of major demand that I marked in at the beginning of Feb.
The top green line is the next major supply zone on the weekly chart, however it's already been tested previously so it will only hold if new sell orders have been placed.
My prediction is that it will hit the top green line and come back down to the lower green line for a little while, unless something major happens in the news.