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The 1-day, 1-week, and 1-month lows were reached at 0.656535, with the 3-month low resting at 0.62702. Moving forward, we anticipate an upward trend, which will be confirmed once the price surpasses the 1-year, 1-month, and 1-week pivot points (PP). It is crucial at this juncture for the price to remain above the daily pivot point. It's noteworthy that the long-term trend remains bearish, but there is a potential for a reversal once the pivot points are cleared. However, if these pivot points act as resistance, we may see further downside movement.
TradeWithTheTrend3344
The 1-day, 1-week, and 1-month lows were reached at 0.656535, with the 3-month low resting at 0.62702. Moving forward, we anticipate an upward trend, which will be confirmed once the price surpasses the 1-year, 1-month, and 1-week pivot points (PP). It is crucial at this juncture for the price to remain above the daily pivot point. It's noteworthy that the long-term trend remains bearish, but there is a potential for a reversal once the pivot points are cleared. However, if these pivot points act as resistance, we may see further downside movement.
TradeWithTheTrend3344
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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.
Disclaimer
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.