There is an uptrend on the instrument, the termination of the update of the highs, the compression of the price to the update of the maximum. The volumes show the absence of divergence , which speaks positively about the expectation of a breakout in the long . The triangle pattern was also formed. In view of this , there is a downward dynamic breakdown in the long , which the buyer has already approached several times . I expect a breakdown of the level of $ 0.2300 with a price squeeze, a trade under it with an impulse breakdown down. The potential of the transaction is up to the trace.the resistance level is 0.2600$.
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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.