Hello Dear friends
We are still below the downtrend line, our $0.235 support area is still intact.
We have a positive RSI divergence on the daily time frame. But we must keep in mind that the momentum of the downward trend is strong.
On the lower time frames, if the range of $0.3733 is consumed, the possibility of forming a downward trend is strengthened up to the range of $0.3416.
But for further correction, I think yellow range orders ($0.5281) are needed.
We would be happy to hear your comments
We are still below the downtrend line, our $0.235 support area is still intact.
We have a positive RSI divergence on the daily time frame. But we must keep in mind that the momentum of the downward trend is strong.
On the lower time frames, if the range of $0.3733 is consumed, the possibility of forming a downward trend is strengthened up to the range of $0.3416.
But for further correction, I think yellow range orders ($0.5281) are needed.
We would be happy to hear your comments
Trade active
According to the analysis (regardless of the incremental reforms), we had a decrease to the specified range and the support range was completely consumed!The $0.2979 support area is still intact and most importantly yesterday had an attractive candlestick (:
From here, according to the signals we have in the lower time frames, the possibility that it can advance to the blue range ($0.4363) is weak.
On lower time frames, the probability of forming a trend similar to the drawn scenario is high.
Trade active
So far everything has gone according to analysis.
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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.