The 2 outcomes will be either a navigation between the actual price and the low resistance or the break of the resistance and a strong growth.
Moreover the demand is ending a cycle showing a rebound may be to come soon.
In conclusion, look out for the price to distance the 0.69 resistance and any sign of rebound.
Analysis done by The Foil
Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.