Hello Dear friends
Currently, the price is in a long-term descending channel. The positive divergence of RSI has also been issued for us in the daily time frame.
But on the lower time frames, our resistance range is still in place and the upward trend has not been placed above the $1.296 range.
On the other hand, the upward trend line has broken down and the price range of $1.236 is on the way, which is an important area.
As a result, we expect to react to this range and form a corrective trend up to the area of $1.085 and $0.989.
We would be happy to hear your comments
Currently, the price is in a long-term descending channel. The positive divergence of RSI has also been issued for us in the daily time frame.
But on the lower time frames, our resistance range is still in place and the upward trend has not been placed above the $1.296 range.
On the other hand, the upward trend line has broken down and the price range of $1.236 is on the way, which is an important area.
As a result, we expect to react to this range and form a corrective trend up to the area of $1.085 and $0.989.
We would be happy to hear your comments
Trade closed: target reached:
It is true that the increasing trend is above the $1.3 range, but according to the analysis, we had a downward trend up to the specified range