Hello my dear friends
Currently, the price movement is at the end of the long-term downward channel.
A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line.
Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
Currently, the price movement is at the end of the long-term downward channel.
A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line.
Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
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This loss limit ($0.1463) is valid when the downtrend line is broken according to the first phase of the scenario, which has not been broken yet.