parissap

FRONT struggle to break out descending resistance zone

#FRONT/BUSD
$FRONT is inside descending resistance zone and struggle to break out this long term resistance.

price is above support of $0.4 , which can hold it and break out the descending resistance to head up toward resistance zone between $0.7 and $0.8.

also there can be another scenario, if price break down from $0.4 it will drop more to support around $0.3, then will break out descending resistance and increase to $0.9 and $1.

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.