The price is trading within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) since May 19. A Death Cross is emerging and the patterns looks similar to that of May 2019. If that continues to play out, a test of the 2021 low is expected.
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Pattern: 1M Falling Wedge.
Signal: Bullish as the price is rebounding after the recent Lower Low. Potential 1D Golden Cross will validate the spike.
Target: 0.00000500 (a Fib retracement level lower (0.500) than the previous one (0.618).
