This coin is just above the top end of the bearchannel that has been in effect since early May. When staying above, the market could test the 0.5500/0.5700 resistance area which could see intial problems.
Conquering that area could see a better move north where Fibonacci's should be watched for resistance (0.6200/0.6800/0.7440).
Support is seen at 0.4850 and 0.4600.
Conquering that area could see a better move north where Fibonacci's should be watched for resistance (0.6200/0.6800/0.7440).
Support is seen at 0.4850 and 0.4600.
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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.