Based on the visual analysis, the asset is currently exhibiting a consolidation pattern within the defined price range of 1.9 to 1.3. This prolonged sideways movement suggests a potential breakdown scenario, aligning with the principles of zone range reversal correction. Should bearish momentum intensify, a downward move may materialize in the near term.
This observation is purely for analytical purposes and does not constitute financial advice.
Crypto Piner
This observation is purely for analytical purposes and does not constitute financial advice.
Crypto Piner
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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.
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.