In the past few hours price has formed a downward parallel channel. Price has cycled to the top of the channel and is challenging the 0.227 the 200 EMA (in orange), if it does not break out this channel and overcome the 0.229 price level we might see prices drop to the .22 or lower. Be careful have a nice day.
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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.