PENGUUSDT The current price formation suggests a complex correction in the market. A breakout of the current fractal at 0.0275 could bring the price to the 0.382 Fibonacci level. Overall, the price is likely to head toward the 200-day moving average, but in such a market it’s hard to pinpoint where the reversal may happen.
That’s why I’ve marked a whole range with a black rectangle — but first, we need to see a true breakout of the fractal and then a reaction from the 0.0234 level.
PENGUUSDT.P Drop incoming after all.. expect sub 0.025 very soon then likely a liquidity grab spike up to these above 0.03 levels.. then.. depending on market, this either attempts to shoot up furiously or drop back down even further. Crazy times ahead