A very strong absorber at the level of 0.6650 pulls the price towards itself, and of course there is a relatively strong barrier at this level. On the way down, there are several supports at the levels of 0.5039, 0.4874, 0.4683 and 0.4350. The lower the levels, the stronger the support level will be. As long as the price does not penetrate below the 0.41 level, the mentioned absorber is valid. All in all, for now it looks like the price will very likely move towards the absorber and any decline will only delay this growth.
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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.