My bot has calculated and displayed the following key support and resistance levels. Taking these levels into account, along with the triangle formation on the chart, where price is compressing against the upper resistance, I assume the odds are 50/50 for a move in either direction. If price breaks above the resistance level, after a retest, the nearest target will be around 0.345$. If the pattern resolves to the downside, the nearest target will be in the 0.313$ area.
Disclaimer
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.
Disclaimer
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.