Based on what we can see on the chart, we have a bullish pennant chart pattern in view. We also have price tested 3 credible support trendines and 2 resistance trendines.
Right now, we need a either a rejection on the trendline or a breakout to know the next move.
If price is unable to break the support trendline downward, we ride back to $0.56. But if price breaks this trendline downward, price will dip to $0.25.
Let's wait and see what happens.
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Right now, we need a either a rejection on the trendline or a breakout to know the next move.
If price is unable to break the support trendline downward, we ride back to $0.56. But if price breaks this trendline downward, price will dip to $0.25.
Let's wait and see what happens.
What do you think?
Share your opinion in the comment sectionโ๏ธ
Please support this idea with a LIKE๐ if you find it useful๐ฅณ
Follow me to receive more updates on this pair๐ค
Comment any coin you need my analysis or forecast on๐๐
Happy Trading๐ฐ๐ฅณ๐ค
Thank you for your support!๐