#OFN

The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside.

We have a bounce from a major support area in green at 0.1700

We have a tendency to stabilize above the Moving Average 100

We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.

Entry price is 0.17000
The first target is 0.22200
The second goal is 0.28000
The third goal is 0.33220
Chart PatternsTechnical IndicatorsTrend Analysis

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