Overlap!
IQ, the currency that was introduced as a profitable currency in the past days, had an increase in price the previous day and today. The price of this currency, which was accompanied by strong demand, recorded good growth again after correcting to the support range of 0.0049 to 0.0050 dollars. The price growth has continued to the resistance of the $0.0075 range. Important resistance is observed in this area. But the support that was previously considered in the range of $0.0053 to $0.0056 has overlapped with the midline of the descending price channel.
Therefore, if the price drops again, there is a possibility of a positive reaction from this level. Note that because the price has crossed the previous ceiling, there is a possibility of an upward trend of this currency in the daily timeframe. Therefore, if the buyers' support continues, the price increase can continue up to the limit of the descending channel in the range of 0.0100 to 0.0106 dollars.
Therefore, if the price drops again, there is a possibility of a positive reaction from this level. Note that because the price has crossed the previous ceiling, there is a possibility of an upward trend of this currency in the daily timeframe. Therefore, if the buyers' support continues, the price increase can continue up to the limit of the descending channel in the range of 0.0100 to 0.0106 dollars.
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