In terms of charting, for the corrective movement to be complete, it is necessary for the price to correct to the range of $0.0832. After the price reaches this range, it is expected that the corrective movement will be complete, and the chart will form a base there from which the price will reverse. If the overall market condition is good, one can expect it to rise to the price range of $0.542. For now, this section of the analysis focuses on the continuation of the downtrend. If this occurs and the price movement progresses according to the presented analysis, further supplementary analyses will be provided based on the overall market situation.
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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.