Trade setup: Price was rejected at $0.55 resistance again and is consolidating in a Descending Triangle, with $0.45 as triangle support level. We wait for a breakout. Bullish breakout could see the price revisit $0.55 while a bearish breakout below $0.45 could signal bearish reversal to downtrend with downside risk to $0.40 next.
Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.45 (previous resistance), then $0.40. The nearest Resistance Zone is $0.55, then $0.60.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.