hello guys.
Consistent Downtrend: Price remains confined within a strong descending channel, repeatedly failing to break above the channel's upper boundary.
No Bullish Signals: There are no signs of bullish divergence or reversal patterns, which suggests that the downtrend is likely to continue in the near term.
Weak Support: Although there’s minor support around 0.0005400 - 0.0005300, the lack of bullish reaction at this level implies weak buyer interest.
Potential for Further Decline: Without any bullish signals, the price is likely to test lower support levels within the channel.
Consistent Downtrend: Price remains confined within a strong descending channel, repeatedly failing to break above the channel's upper boundary.
No Bullish Signals: There are no signs of bullish divergence or reversal patterns, which suggests that the downtrend is likely to continue in the near term.
Weak Support: Although there’s minor support around 0.0005400 - 0.0005300, the lack of bullish reaction at this level implies weak buyer interest.
Potential for Further Decline: Without any bullish signals, the price is likely to test lower support levels within the channel.
👉 My recommended exchange: promote.mexc.com/a/64IZV8fu
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👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended exchange: promote.mexc.com/a/64IZV8fu
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.