Price can be seen forming a falling wedge pattern and approaching a support zone starting from $1.94 to $1.80 Which create a demand Zone. Currently we can see 21 and 50 Daily MA's acting as strong resistances aligning very well with the trendline resistance of the falling wedge which is not a very good sign. A bullish scenario for the price could be flipping the resistance zone starting from $2.150 to $2.320 and holding above it before moving upwards to the next resistance at around the $2.67 level where the ATH resistance also starts.
We've to wait for price for a clear move wheather downwards or upwards as currently it is not in a very good state. It still has a strong resistance zone to break through for a bullish scenario.
Take Profits, TP1= @ 2.476 TP2= @ 3.042 TP3= @ 4.795 TP4= @ 3.278 TP5= @ 7.175 next to the moon lol
SL=close BELOW 0.80 usdt on daily bases.
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