Analyzing Price Trends: Potential Upside Amid Pivot Points
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The 1-day, 1-week, and 1-month lows were reached at 0.656535, with the 3-month low resting at 0.62702. Moving forward, we anticipate an upward trend, which will be confirmed once the price surpasses the 1-year, 1-month, and 1-week pivot points (PP). It is crucial at this juncture for the price to remain above the daily pivot point. It's noteworthy that the long-term trend remains bearish, but there is a potential for a reversal once the pivot points are cleared. However, if these pivot points act as resistance, we may see further downside movement.
TradeWithTheTrend3344
The 1-day, 1-week, and 1-month lows were reached at 0.656535, with the 3-month low resting at 0.62702. Moving forward, we anticipate an upward trend, which will be confirmed once the price surpasses the 1-year, 1-month, and 1-week pivot points (PP). It is crucial at this juncture for the price to remain above the daily pivot point. It's noteworthy that the long-term trend remains bearish, but there is a potential for a reversal once the pivot points are cleared. However, if these pivot points act as resistance, we may see further downside movement.
TradeWithTheTrend3344