After a few months of falling, we got close to the trend line, which has been a support for us for a year now. We are near the intersection of the uptrend line and the downtrend line. I expect a break-down of the downtrend line and price will go to 0.21-0.23. This level might be hard to access, so I also expect a pullback. After the pullback I expect a break-down of the resistance and formation of a new ATH.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.