Hi Guys,
we can see clear break of the trendline in the 1 hr chart on friday. So for the upcoming week I see the price coming back to the level of the trendline to retest it. It is very important to wait for this restest because the price was consolidating at this level for 4 days now, with a low volume. With the right confirmation of the retest i can see a nice sell setup to 0.68790
Even there is a 2 times touched support at 0.69335 I expect the price dropping to .068790.
Best regards,
Lukas
we can see clear break of the trendline in the 1 hr chart on friday. So for the upcoming week I see the price coming back to the level of the trendline to retest it. It is very important to wait for this restest because the price was consolidating at this level for 4 days now, with a low volume. With the right confirmation of the retest i can see a nice sell setup to 0.68790
Even there is a 2 times touched support at 0.69335 I expect the price dropping to .068790.
Best regards,
Lukas