The price is moving within a descending channel pattern on the 1-hour frame and is expected to reach the upper limit of the channel, which is a resistance level
We have a downtrend on the RSI indicator that has been broken upwards and we have a tendency to stabilize above it
We have a major support level in green at a price of 0.2380
We have a tendency to stabilize above the moving average 100, which supports the rise
Entry price 0.2480 First target 0.2690 Second target 0.2830 Third target 0.3000
Trade active
First target 0.2690 Reached
Second target 0.2830 Reached
Trade closed: target reached
First target 0.2690 Reached
Second target 0.2830 Reached
Third target 0.3000 Reached
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.