In oversold territory with a divergence on the RSI to price in a falling wedge triangle as depicted on the chart. Accumulation is happening at these levels judging from the volume.
Should it break out from this downward pattern the potential run up to 0.008c is highly likely.
I am expecting the shift in pattern to occur within days if not sooner.
I have entered the trade at just over 0.003 based on Fib levels
Let's see if this hypothesis plays out.
Should it break out from this downward pattern the potential run up to 0.008c is highly likely.
I am expecting the shift in pattern to occur within days if not sooner.
I have entered the trade at just over 0.003 based on Fib levels
- Target is 0.008
- Entry is 0.0028 - 0.0035
Let's see if this hypothesis plays out.
Trade active
Entry 0.0032Note
As per my comment below. Trade closed: stop reached
Market is rough. Price dropped below SL - trade closed. 
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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.