Market price stopped up movement from October and has switched into sideways movement.
The 0.31 $ area seems to be a strong resistance currently and many sellers entering the market at this stage.
If the market doesn't jump above the drawn resistance area within next 5-10 days we can expect another test of 0.20 $ area because market would confirm a lower high and this is strong bearish indicator.
-RSI baseline is near end of triangle pattern, expect fast market price down movement if RSI line falls and close under the triangle pattern.
The 0.31 $ area seems to be a strong resistance currently and many sellers entering the market at this stage.
If the market doesn't jump above the drawn resistance area within next 5-10 days we can expect another test of 0.20 $ area because market would confirm a lower high and this is strong bearish indicator.
-RSI baseline is near end of triangle pattern, expect fast market price down movement if RSI line falls and close under the triangle pattern.
Trade active:
market confirms our idea - many sellers entering the market
Comment:
Tp1 reached- market need to breake the up trend line
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
