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The weekly chart reveals that the price has broken down from a long-term ascending support line and validated it as resistance afterwards. This view is also strengthened by the fact that the rate was rejected by the 200-week MA thrice prior to the price breaking down. The final time, it created a shooting star weekly candlestick, which often indicates a trend reversal. So far, it has created three consecutive lower highs.
The most important support level is at 62.5%, which mark the wick low of Feb 10-17. If the rate decreases below it, it could fall all the way to 52.5%, levels not seen since April 2019.
Previously, the rate traded inside this range from September 2018 to April 2019, a period which was very profitable for altcoins. If the price falls within this range once more, it is possible that it would have a similar effect.
The weekly chart reveals that the price has broken down from a long-term ascending support line and validated it as resistance afterwards. This view is also strengthened by the fact that the rate was rejected by the 200-week MA thrice prior to the price breaking down. The final time, it created a shooting star weekly candlestick, which often indicates a trend reversal. So far, it has created three consecutive lower highs.
The most important support level is at 62.5%, which mark the wick low of Feb 10-17. If the rate decreases below it, it could fall all the way to 52.5%, levels not seen since April 2019.
Previously, the rate traded inside this range from September 2018 to April 2019, a period which was very profitable for altcoins. If the price falls within this range once more, it is possible that it would have a similar effect.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。