Strong resistance at 139

19 Haz 2021

Price is rangebound as of now though being in a rising channel. There is a strong resistance at 139 from which the price has been rejected once. MCD is showing bearish cross over even though RSI is oversold. Price just tested the 50 EMA. In the past whenever the price touched this level, it showed a huge fall. Wait for it to break resistance and test 139 as support. Might fall out of the rising channel. Overall I am bearish on this. Message me if you want faster updates.