There is a risk of reversal and growth of course, as we have important news ahead.
But for the moment I will focus on technical analysis.
We had a rally and a stop earlier.
There is no continuation of growth, the price is facing pressure and breaking the consolidation support....
A retest of the previously broken consolidation support is possible, but if the price consolidates below 0.5925, then we can expect a fall to 0.583.
Scenario: breakdown and consolidation of the price in the selling zone. Further fall to 0.583. If the price continues to fall and consolidates below 0.583, then the medium-term scenario is a downward movement to 0.5668.
But for the moment I will focus on technical analysis.
We had a rally and a stop earlier.
There is no continuation of growth, the price is facing pressure and breaking the consolidation support....
A retest of the previously broken consolidation support is possible, but if the price consolidates below 0.5925, then we can expect a fall to 0.583.
Scenario: breakdown and consolidation of the price in the selling zone. Further fall to 0.583. If the price continues to fall and consolidates below 0.583, then the medium-term scenario is a downward movement to 0.5668.
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.