Price has breached the horizontal support around 0.0002
and the trendline support below it. If price continues lower
next target is the previous resistance at 0.00012350 level.
Below that its the Monthly S1/Weekly S2 just above all time low.
The pair is under severe pressure, like many other altcoins right now.
If price close above the trendline again, chances are good for a bounce,
but only a close above the previous broken support will ease the immediate
bearish pressure.
If you want to support this channel check out the
profile page at the top for details. Thanks.
and the trendline support below it. If price continues lower
next target is the previous resistance at 0.00012350 level.
Below that its the Monthly S1/Weekly S2 just above all time low.
The pair is under severe pressure, like many other altcoins right now.
If price close above the trendline again, chances are good for a bounce,
but only a close above the previous broken support will ease the immediate
bearish pressure.
If you want to support this channel check out the
profile page at the top for details. Thanks.