Price has taken out the 0.037415 former support and continue to drop towards the next downside obstacle from the sliding line (SL). Only a false breakdown or a failure to reach and retest it will signal a potential rebound. A valid breakdown will send the rate towards the 0.030000 and towards the 0.02800 levels.
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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.