Going down from around 0.88 to 0.68 in the last 2 months and bouncing off the same support line four times since June.
Which of the 2 lines is more likely to break from your point of view?
I really don't know, but I'd say that if the whole market goes bullish again this pair will go bullish too, but if BTC goes back below 33k USD, it could break below the ascending line.
Anyway I think it is an important trend to follow and I think the outcome should matter in your next months investment decisions.
Which of the 2 lines is more likely to break from your point of view?
I really don't know, but I'd say that if the whole market goes bullish again this pair will go bullish too, but if BTC goes back below 33k USD, it could break below the ascending line.
Anyway I think it is an important trend to follow and I think the outcome should matter in your next months investment decisions.
Comment:
Updated chart, still valid.