In the 3-day long-term time frame, the price fell from the downward trend line. It is now trading in the price range of $1.27.
A scenario we can consider is that after a minor positive swing and a pullback. If selling is confirmed, the price is rejected from the Important resistance area of $1.30/$1.50.
In case of a positive fluctuation, to better understand the continuation of the trend, we should see how the price will react to the resistance ranges.
Otherwise, if the price stabilizes above the resistance ranges, the possibility of higher growth can be considered.
The correction targets are 0.95 /0.64. In my opinion, if confirmed, it could be an attractive range to buy.
❎ (DYOR)...⚠️⚜️
I will be glad to know your idea 🙂✌️
If you like my analysis, please Like and comment.🙏✌️
A scenario we can consider is that after a minor positive swing and a pullback. If selling is confirmed, the price is rejected from the Important resistance area of $1.30/$1.50.
In case of a positive fluctuation, to better understand the continuation of the trend, we should see how the price will react to the resistance ranges.
Otherwise, if the price stabilizes above the resistance ranges, the possibility of higher growth can be considered.
The correction targets are 0.95 /0.64. In my opinion, if confirmed, it could be an attractive range to buy.
❎ (DYOR)...⚠️⚜️
I will be glad to know your idea 🙂✌️
If you like my analysis, please Like and comment.🙏✌️
Note
as you can see, following the scenario outlined in the image above, the price faced correction after reaching the resistance zone of $1.50 and the long-term downtrend line.🔥✌✅
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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.