New scenario for currency $RIVER :
General trend (Trend)
The price is currently in a downward correction phase after a previous upward wave.
There is an upward trend line (Trendline) in blue at the bottom, and the price is currently approaching it. This line is considered the "lifeline" for buyers; staying above it maintains a long-term positive outlook.
Nearby resistance: The areas of 28.88 and 24.79. We notice that the price has recently failed to remain above these areas and has started to decline.
Supply Zone: The levels marked in red between 17.53 and 21.47 represent current obstacles to any upward attempt.
Positive scenario: A rebound in price from the upward trend line (area 11.00 - 10.50) targeting levels 17.50 then 24.00 again.
Negative scenario: Breaking the upward trend line and closing below it, which opens the door for a decline towards the historical low at 7.06.
$BTC #BTC
General trend (Trend)
The price is currently in a downward correction phase after a previous upward wave.
There is an upward trend line (Trendline) in blue at the bottom, and the price is currently approaching it. This line is considered the "lifeline" for buyers; staying above it maintains a long-term positive outlook.
Nearby resistance: The areas of 28.88 and 24.79. We notice that the price has recently failed to remain above these areas and has started to decline.
Supply Zone: The levels marked in red between 17.53 and 21.47 represent current obstacles to any upward attempt.
Positive scenario: A rebound in price from the upward trend line (area 11.00 - 10.50) targeting levels 17.50 then 24.00 again.
Negative scenario: Breaking the upward trend line and closing below it, which opens the door for a decline towards the historical low at 7.06.
$BTC #BTC
