Hight probably that we will see similar move as it did before (look at blue box on the chart) and will reject from 0.04923$ level (n. 1) since so far it couldn’t break through already for 2 times. And last time this level was standing as support (look at blue circles)
After that we may expect that the price will come to another local support (green line) or 0.04003$ where it may bounce back and continue its uptrend. (n.2)
N.3 plays out only if the coin after rejection at 0.04923$ level, breaks below the green line in this case 0.033$ and the blue support line may stand as another possibility of the uptrend.
Note
Hight probably that we will see similar move as it did before (look at YELLOW box on the chart) and will reject from 0.04923$ level (n. 1) since so far it couldn’t break through already for 2 times. And last time this level was standing as support (look at blue circles)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.