Updated
The Rising Channel of the Nigerian Naira NGN $NGN
The Nigerian Naira $NGN has been losing value for months in relation to the USDT.
Current Price: 1130/$
Price Action has created a rising Channel.. Only two things can happen:
Naira NGN price action breaks out of the rising channel to higher prices up to 1700/$ OR
#NGN Price Action continues to find resistance around the 1300 level to break down to previous Supports: 1120, 1000, 903, 825
Current Price: 1130/$
Price Action has created a rising Channel.. Only two things can happen:
Naira NGN price action breaks out of the rising channel to higher prices up to 1700/$ OR
#NGN Price Action continues to find resistance around the 1300 level to break down to previous Supports: 1120, 1000, 903, 825
Note
$NGN continued to reject prices around 1300... 1120 & 1000 supports hit!
Note
903!Note
$NGN Price Action still respecting Rising ChannelCurrently a bearish divergence spotted on the Weekly Timeframe!
#NGN Slow Decline Expected! Previous Supports: 1125, 1000, 903, 825
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Related publications
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.