The Nigerian Naira $NGN has been losing value for months in relation to the USDT. Current Price: 1130/$ Price Action has created a rising Channel.. Only two things can happen: Naira NGN price action breaks out of the rising channel to higher prices up to 1700/$ OR #NGN Price Action continues to find resistance around the 1300 level to break down to previous...
if we take a look at btc against the countries which traded the btc mostly. to take out the inflation and market noise. we need to look at the chart with 5 major countries which are buying and selling bitcoin in their local currencies. CNY, INR, PKR, NGN, EUR so if we average out these currencies we will get a value and then we divide btc with that value we will...
Well for the past 2 months we have seen steady rally on this pair so after a huge retracement, a buy program presented it self with a target of equal highs above the 945 region as a dol Let's see how it goes
USDTNGN has been consolidating in a symmetrical triangle pattern on the Daily timeframe. Potential breakout. Possible price actions are indicated on the chart.
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The bulls are taking over now. the low is setting, its time to buy.
USDTNGN is testing the ascending channel resistance. RSI is printing a bearish divergence signal. Potential retracement to the ascending channel support + fibonacci retracement levels ⬇️.
Pattern Wedge on NGN, but take in mind that this is monthly timeframe and of course long term analysis. Based on technical indications NGN can correct its trend against USD to 349.77 in next 5-6 months. Anyway price can gradually decline to 360 before christmass holidays\ Terms and short forms! T - Trendlines (T1,T2... etc.) S - Supprt levels (S1,S2......