Potential upside movement from abovee 1.6000.
Comment:
It seems like the crypto has made another false breakdown below the lower median line (LML) of the ascending pitchfork signaling a potential upside movement. However, the rate remains under pressure on the short term, so only a valid breakout above the upper median line (uml) and above the 1.5970 will signal a potential upside movement. It will become strongly bullish only after a valid breakout above the SL of the ascending pitchfork. The bullish perspective will be invalidated by a valid breakdown below the SL1.