Technical analysis

Tripadvisor Wave Analysis – 31 May, 2021

• Tripadvisor reversed from round support level 40.00

• Likely to rise to resistance level 45.00

Tripadvisor currency pair recently reversed up from the round support level 40.00 (which has been reversing the price from the start of May).

The price then broke the resistance trendline of the narrow daily down channel from April – which should add to the bullish pressure on Tripadvisor.

Tripadvisor can then be expected to rise further toward the next resistance level 45.00 (top of the previous minor correction from the start of May).

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