The price is currently moving within a descending channel on the 12-hour chart, trending upwards, and is expected to maintain this movement.
The trend indicates a potential stabilization above the 100-period moving average.
The RSI indicator is showing a downward trend, suggesting a bullish reversal if it breaks upward.
There is a support zone at the channel's lower boundary, located around:
0.04200
Suggested entry point: 0.05100
First target: 0.05538
Second target: 0.06071
Third target: 0.06786
The trend indicates a potential stabilization above the 100-period moving average.
The RSI indicator is showing a downward trend, suggesting a bullish reversal if it breaks upward.
There is a support zone at the channel's lower boundary, located around:
0.04200
Suggested entry point: 0.05100
First target: 0.05538
Second target: 0.06071
Third target: 0.06786
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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.