Near. Daily analysis.

22 thg 2, 2023

Let's consider the price movement on a daily timeframe. The coin has broken out of a downtrend, pierced a sloping trendline, and approached the $2.8 resistance, forming something similar to an ascending triangle. The 200-day moving average also serves as a fairly strong resistance level. The idea is to look for LONG positions after the resistance is broken and the price is sustained above these levels. Why LONG? It's all quite simple, really. If we open the monthly chart, the price is currently within a range of favorable prices. The peak growth reached around $20. The price is currently at $2.59. There is potential. The deal is spot. We are watching the events unfold. Thank you for your attention.