I believe that it can be a good buy signal. With more research, you can buy and use this signal.
In case of reacting to divergence and breaking the short-term downtrend line, it can have three set goals ahead and also if it crosses these three goals, it can also touch the upcoming ceiling. Also, if the said scenario is not implemented, the specified support area can be a suitable support area. It should be noted that the analyzed currency has a lot of...
If the downtrend line breaks, we expect the target.
If the resistance in front fails and stabilizes, it can hit the specified targets.
This currency can have two specified goals in case of failure of the resistance.
In my personal opinion, this currency will move upwards according to the analysis, which seems realistic.