1. **Short-term Downtrend Signals:**
- The upward trendline (white line) has been broken.
- A potential **Head and Shoulders** bearish pattern is forming.
- Price has entered a **red resistance zone**.
2. **Key Support & Resistance Levels:**
- Strong support around **0.61828 - 0.61302**.
- Resistance around **0.63030 - 0.63312**.
3. **Overall Probability:**
- **65% chance of a price decline** 📉
- **35% chance of a price increase** 📈
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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.
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.