The Nigerian Naira NGN has been losing value for months in relation to the USDT. Current Price: 1130/$
Price Action has created a rising Channel.. Only two things can happen: Naira NGN price action breaks out of the rising channel to higher prices up to 1700/$ OR
#NGN Price Action continues to find resistance around the 1300 level to break down to previous Supports: 1120, 1000, 903, 825
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NGN continued to reject prices around 1300... 1120 & 1000 supports hit!
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903!
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NGN Price Action still respecting Rising Channel Currently a bearish divergence spotted on the Weekly Timeframe!