Crucial breakout
As you notice, a confirmation price around 0.045 that form a rising wedge and a breakout from descending triangle(2 solid red line).
If rising wedge breakout will go down, a possible support around 0.032-0.037.
But if breakout will go up, we will see a 0.045-0.048 resistance and a chance to hit also the strong resistance 0.058
If rising wedge breakout will go down, a possible support around 0.032-0.037.
But if breakout will go up, we will see a 0.045-0.048 resistance and a chance to hit also the strong resistance 0.058
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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.