The support at0.84 is broken we may minimum see a new test of the low at 0.70. If it breaks the next level would be around 0.47 level.
If 0.70 breaks on the daily close, my two scenarios will be :
SCENARIO 1 : Down to 0.47 then if it hold back to 0.70
SCENARIO 2 : Down to 0.47 then it breaks and continue to 0.28 with is a bigger support.
If 0.70 breaks on the daily close, my two scenarios will be :
SCENARIO 1 : Down to 0.47 then if it hold back to 0.70
SCENARIO 2 : Down to 0.47 then it breaks and continue to 0.28 with is a bigger support.
Note
Invalidation if prices goes above 1.05
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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.