After the breakdown, we can observe a classic retest of the previous support line. The most likely scenario a see playing out is #1. The chance for a continuation after such a decisive breakdown are good.
Scenario 2 could still play out if bulls manage to reclaim the 0.30-0.32 region.
Scenario 2 could still play out if bulls manage to reclaim the 0.30-0.32 region.
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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.