METH/USDT Update in Daily Timeframe.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
METH has rejected the 50 EMA (the blue line) resistance and is currently testing the supporting trendline (the green box) ranging between $3353 and $3468.
If METH breaks down below the supporting trendline, it will likely test the Support 1 and Support 2 levels. A rebound, on the other hand, will possibly push the price toward the resistance trendline at around $3900.
Key Observation:
~ Primary Support: $3353 to $3468.
~ Lower Support/Decent Entry: $2954.
~ Resistance: $3900.
~ Invalidation Point: Breakdown and close below $2954.
DYOR. NFA.
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