The price action is unfolding as expected. After a major drop, we've now formed a higher low, which also completes a double bottom pattern — a classic bullish reversal signal.
- If the price breaks above the key resistance at 0.2350, it could confirm the double bottom.
- A successful breakout may open the path toward the next major target at 0.3100.
- If the price breaks above the key resistance at 0.2350, it could confirm the double bottom.
- A successful breakout may open the path toward the next major target at 0.3100.
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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.