This powerfull coin is located in a Descending Channel, and possibly price will continue it's movement to a most powerfull support which is 0.2499 also it covers by 70% Fibonacci too.
I expect this support show it's role and change the trend from descending to ascending trend. If If If price breaks this powerful support then the next support will be 0.1750.
I expect this support show it's role and change the trend from descending to ascending trend. If If If price breaks this powerful support then the next support will be 0.1750.
Comentarios:
Price has been touched upper yellow box, and it’s trend has been changed from descending to ascending, but it looks like a bearish flag, if price make a HH, I will update this analysis.