at 09:05 AM
Last price: 1778$ 🇺🇸
The market is currently within the range of accumulation of transactions, which is a downward channel for about 2 weeks with a slow slope.
The chart of the descending channel that can be seen in the chart during the last 10 days was in the range of 1794-1790 $, which in the analysis and signals of the previous weeks, this area was carefully mentioned as a resistance zone and a suitable place for test sell 👌🎯
At present, the roof of this channel has been shortened and the range 1778-1782$ is the place where the market has been trying to cross the channel roof during the past day.
Meanwhile, the floor of this channel has decreased from 1760$& 1750$ to 1740$ over the past two weeks.
Last night, around 09:30 pm Tehran time, we witnessed a collision with the Midline channel at the level of 1767$, which was emphasized in Voice yesterday evening as important support as well as the resignment signal with a stop at the same level.
Issued In total, there is a possibility of occurrence and repetition of behavior similar to the behavior of the last two weeks in the market, and after completing 5-6 collisions with the ceiling and floor‼️
The probability of failure from above is a little higher ❌