The coin has formed a clear local level with a lot of confirming touches with the accumulation of stops of long participants behind them. A descending structure was also formed in the form of a triangle, pressing the price maximums along the trend line with the help of limit sellers.
Against this background, I expect to see a smooth traded movement along the level and the appearance of active sales before the breakdown.
Against this background, I expect to see a smooth traded movement along the level and the appearance of active sales before the breakdown.
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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.