At the end of November, during a long and steady decline, the price came to the support level 0.898. I struck it, fixed myself and rebounded. The level served as a basis for the price to break the previous downtrend and start rising.
For the last month, the price is characterized by uneven jump-like movements with sharp drops from growth to collapse. Corrects the support line, which also formed in November after the trend reversal.
Recently the price touched the resistance line at 0.916 and started to fall towards the support. But halfway through the path I corrected myself, moving straight for a short time.
There is no reason to believe that the price will change direction. Therefore, I expect it to continue falling and be able to break through the support line at 0.903.
And then it will go down to the support level of 0.898.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
For the last month, the price is characterized by uneven jump-like movements with sharp drops from growth to collapse. Corrects the support line, which also formed in November after the trend reversal.
Recently the price touched the resistance line at 0.916 and started to fall towards the support. But halfway through the path I corrected myself, moving straight for a short time.
There is no reason to believe that the price will change direction. Therefore, I expect it to continue falling and be able to break through the support line at 0.903.
And then it will go down to the support level of 0.898.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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