$PENGU Having observed all the variables and analytics, the trend is currently bearish up to the 0.618 Fibonacci level.
The chart moves perfectly within the Pitchfork Trident, so it's possible to see a search for liquidity, creating a false breakout of the trident upwards and then continuing downwards, as long as no news or unforeseen event breaks the charts.
The next move is to cover the lower area of the trident, having only been visited once, while the upper area was visited 7 times...
Actuales resistencias MA50 en 0.03885 y MA100 en 0.03965 (temporalidad H1)
The chart moves perfectly within the Pitchfork Trident, so it's possible to see a search for liquidity, creating a false breakout of the trident upwards and then continuing downwards, as long as no news or unforeseen event breaks the charts.
The next move is to cover the lower area of the trident, having only been visited once, while the upper area was visited 7 times...
Actuales resistencias MA50 en 0.03885 y MA100 en 0.03965 (temporalidad H1)