Hi everyone
The price has risen almost 10% since September 28 and faced resistance at $ 0.00000768
The cows failed to cross this resistance level and the price is currently correcting
If the overall market structure rises as it did yesterday, investors can expect prices to cross the resistance and rise to higher levels
While this is an uptrend, the probable outcome could be a price pullback to $ 0.00000684
This price correction provides buyers with an opportunity to resume the uptrend. Assuming the bulls return, market participants can expect the $ 0.00000768 resistance to cross the $ 0.00000835 resistance
On the other hand, if the price fails to stay above $ 0.00000684, the price level of $ 0.00000654 or $ 0.00000625 will be tested
However, if none of these support levels are maintained, the price will close below $ 0.00000625 and the uptrend scenario will be void.
In such a situation, the price can reach lower levels and try the lower limit of its price range at $ 0.00000549
Which way do you think the price is heading??
have a nice day
The price has risen almost 10% since September 28 and faced resistance at $ 0.00000768
The cows failed to cross this resistance level and the price is currently correcting
If the overall market structure rises as it did yesterday, investors can expect prices to cross the resistance and rise to higher levels
While this is an uptrend, the probable outcome could be a price pullback to $ 0.00000684
This price correction provides buyers with an opportunity to resume the uptrend. Assuming the bulls return, market participants can expect the $ 0.00000768 resistance to cross the $ 0.00000835 resistance
On the other hand, if the price fails to stay above $ 0.00000684, the price level of $ 0.00000654 or $ 0.00000625 will be tested
However, if none of these support levels are maintained, the price will close below $ 0.00000625 and the uptrend scenario will be void.
In such a situation, the price can reach lower levels and try the lower limit of its price range at $ 0.00000549
Which way do you think the price is heading??
have a nice day