Price is trading within a broadening (expanding) triangle, with higher highs and lower lows indicating increasing volatility and distribution. The structure favors a bearish resolution, and I’m expecting a breakdown below the lower trendline to confirm continuation to the downside.
Expectations:
Breakdown from the expanding triangle → acceleration lower.
Downside Targets:
🎯 $0.25
🎯 $0.15
As long as price stays below the upper boundary, the bearish scenario remains dominant.
Expectations:
Breakdown from the expanding triangle → acceleration lower.
Downside Targets:
🎯 $0.25
🎯 $0.15
As long as price stays below the upper boundary, the bearish scenario remains dominant.
My telegram channel: t.me/blessing_cryptos
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.
My telegram channel: t.me/blessing_cryptos
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.