Usdtngn bread and butter setupWell for the past 2 months we have seen steady rally on this pair so after a huge retracement, a buy program presented it self with a target of equal highs above the 945 region as a dol
Let's see how it goes
USDTNGN
💥Naira to drop in price and increase in valueKindly like this idea, share to your friends and follow for more.
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💥USDTNGN - TO RALLY ABOVE 760 OR DROP TO 730NAIRA is currently indecisive with CMP sitting at 751.8 per dollar. A breakout from this triangle to confirm Naira next direction.
An upward breakout above the resistance zone toward 760 will make NAIRA super bullish to 777 and 800.
A downward breakout will drop price to 735 or more.
What do you expect?🤔
An upward breakout or a drop??
Not a financial advice 🙅🏼♂️
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USDTNGN - To drop to 630/$ then rise to 800, 900 & 950/$#Nigerian Naira Rate (Update)
Day after day, the Nigerian currency is losing it’s value. Here is a weekly timeframe analysis. Based on technical analysis, Naira broke it’s major resistance at 630/$ to $710 and pullback is needed to gain momentum for the next run up.
Therefore I expect a fall to 630/dollar before a rise to new price target at 800, 850, 900, 950 per dollar.
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💥NAIRA AT A DEAD END- #620/$ OR #550/$Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
I expect Naira rate to either FALL towards #500-#540/$ OR RISE towards #600-#620/$
Right here is the Nigerian exchange rate against the US Dollar.
We have price in a symmetrical triangle approaching the dead zone when price can either break upward or downward.
Therefore, if price is to break upward, then Naira rate will increase towards 600 and 620 Naira per dollar.
But if price break downward, then Naira rate will decrease towards 500 to 550 Naira per dollar.
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💥USDTNGN - RISE TO $560 OR FALL TO $535Please support this idea with a LIKE👍 if you find it useful🥳
As seen on the chart, price is currently at $544. We have a symmetrical triangle guarding the coin.
Therefore, if Price break the upper resistance line, we can see an upmove to $560 and if it doesn't, may see a fall to $533.
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USDTNGN Double bottom to 1kUsdtngn is about to make a new ATH which is a great news for traders holding their bags, another lil percentage gain despite the state of btc. I see 1usdt as #1000 in the coming days, either the ascending triangle or the ascending channel is capable of taking us to the moon. To avoid risk and fomo, hold your bags on usdtngn and watch your money grow.
USDTNGN - Daily analysis USDTNGN has been consolidating in a symmetrical triangle pattern on the Daily timeframe.
Potential breakout.
Possible price actions are indicated on the chart.
USDTNGN - Potential retracement 🔽USDTNGN is testing the ascending channel resistance.
RSI is printing a bearish divergence signal.
Potential retracement to the ascending channel support + fibonacci retracement levels ⬇️.
