After hitting supply zone around 0.11 - 0.10 it started to decline up to the point that we are currently at a demand zone. From this zone I think 3 things could happen:
As always, manage risk accordingly. Never risk entire portfolio and study by yourself before you commit to an investment.
Regards,
Kina ðĨ
- We get a bounce off this level to continue the descending triangle pattern up until TARGET: 0.09 and then it could actually breakout from the entire triangle instead of declining again but we'll have to see how price reacts once it hits the triangle resistance.
- Price breaks down then the next target would the nearest demand zone at around: 0.07 - 0.08 so we'll see how this plays out.
As always, manage risk accordingly. Never risk entire portfolio and study by yourself before you commit to an investment.
Regards,
Kina ðĨ