The Rising Channel of the Nigerian Naira NGN $NGN
Updated
The Nigerian Naira NGN has been losing value for months in relation to the USDT.
Current Price: 1130/$
Price Action has created a rising Channel.. Only two things can happen:
Naira NGN price action breaks out of the rising channel to higher prices up to 1700/$ OR
#NGN Price Action continues to find resistance around the 1300 level to break down to previous Supports: 1120, 1000, 903, 825
Current Price: 1130/$
Price Action has created a rising Channel.. Only two things can happen:
Naira NGN price action breaks out of the rising channel to higher prices up to 1700/$ OR
#NGN Price Action continues to find resistance around the 1300 level to break down to previous Supports: 1120, 1000, 903, 825
Note
NGN continued to reject prices around 1300... 1120 & 1000 supports hit!
Note
903!Note
NGN Price Action still respecting Rising ChannelCurrently a bearish divergence spotted on the Weekly Timeframe!
#NGN Slow Decline Expected! Previous Supports: 1125, 1000, 903, 825
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