Presently, the price of the asset is on a downward trend, meaning it keeps making lower highs and lower lows after being stopped by a downward trend line. To switch to an upward trend, we need to see the price break above this trend line. The first level of support, where the price might bounce back up, is around 10.60. If it falls below that, the next support level is around 9.60. On the other hand, if the price manages to break and stay above 12, it could head towards the next resistance level at 13. Keep in mind, there's a significant barrier to further price increase around 14.20.
Comment:
Comment:
Still in a down trend. . .