ID has experienced a downtrend for three months and has reached a vital support area obtained by various measure moves, including (PB 50%, MM Reverse BO, MM BO, MM GAP, and L1=L2). It is supposed to go up to its first target, (0.36), and the second on (0.45). Due to its high sell pressure, it is expected to make another low (the blue lines showed them) as the Bitcoin price reaches its target (around 27500 to 28500). The possibility of making a lower low MTR is expected when the Bitcoin retracement ends. Generally, the green rectangle is where the price should start going up. The RSI indicator also shows a positive divergence, which confirms this prediction. So, let's see!!
I will update my prediction by the price movement
I will update my prediction by the price movement
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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.