In this chart, trend lines show for possible supports. since it broke the first trend line, this could indicate a bearish trend.
and if support is strong on the trend line, it could pull back to retest resistance. if it breaks again the support, a lower drop will be seen.
***PS, still new to TA, still trying. so feel free to comment if i'm wrong.
and if support is strong on the trend line, it could pull back to retest resistance. if it breaks again the support, a lower drop will be seen.
***PS, still new to TA, still trying. so feel free to comment if i'm wrong.
Note
next support is 0.00011479Note
this could also be a double bottom reversal.
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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.