š Crypto $PLUME is awaiting consolidation on the upward trend line to start a new move
ā¢ Technical trend: corrective decline toward the lower bound of the ascending channel and the trend linešØ
ā¢ Monitoring zone: 0.01200 ā 0.01220 š¢
šÆ Price targets:
ā¢ Target 1: 0.01331
ā¢ Target 2: 0.01387
ā¢ Target 3: 0.01444
ā Cancel the scenario: a 4-hour candle close below 0.01160
š” Technical rationale: the price is currently moving in a corrective decline affected by a temporary momentum pullback shown in the chart. According to the expected white path, the price is set to complete the correction and test the lower bound of the ascending channel and the trend line, to form an ascending low that gives it enough strength for a reversal and for breaking the moving averages toward the specified upper targets.
ā¢ Technical trend: corrective decline toward the lower bound of the ascending channel and the trend linešØ
ā¢ Monitoring zone: 0.01200 ā 0.01220 š¢
šÆ Price targets:
ā¢ Target 1: 0.01331
ā¢ Target 2: 0.01387
ā¢ Target 3: 0.01444
ā Cancel the scenario: a 4-hour candle close below 0.01160
š” Technical rationale: the price is currently moving in a corrective decline affected by a temporary momentum pullback shown in the chart. According to the expected white path, the price is set to complete the correction and test the lower bound of the ascending channel and the trend line, to form an ascending low that gives it enough strength for a reversal and for breaking the moving averages toward the specified upper targets.