PENGU is currently testing a major descending trendline that has been acting as resistance since the local top. Price has respected this trendline for months, making the current area technically important.
At the same time, the market structure shows a series of higher lows forming from the February bottom, suggesting growing bullish momentum while price compresses beneath resistance.
A successful breakout above the descending trendline could shift the long-term structure and open the door for a stronger recovery move. The first major resistance levels visible on the chart are around 0.019 and 0.034.
On the downside, the 0.0057 region remains the key long-term support zone.
Summary:
Price is approaching a critical breakout area. A confirmed move above the descending trendline may trigger a larger upside expansion, while rejection would keep the broader downtrend structure intact.
Take your risk, make some profit.
- CryptoSignalAPP Team
At the same time, the market structure shows a series of higher lows forming from the February bottom, suggesting growing bullish momentum while price compresses beneath resistance.
A successful breakout above the descending trendline could shift the long-term structure and open the door for a stronger recovery move. The first major resistance levels visible on the chart are around 0.019 and 0.034.
On the downside, the 0.0057 region remains the key long-term support zone.
Summary:
Price is approaching a critical breakout area. A confirmed move above the descending trendline may trigger a larger upside expansion, while rejection would keep the broader downtrend structure intact.
Take your risk, make some profit.
- CryptoSignalAPP Team
CryptoSignalAPP is the best crypto signal application.
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Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
CryptoSignalAPP is the best crypto signal application.
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.