As you can see, a bearish rectangle is being formed supported but a major support line (white bottom line),
I am expecting a quick drop within the next few days if the market manages to break through it previous support line between 0.3200 - 0.3150.
If the market does go below that, we well be looking pretty bullish for a pair of days until we hit our Downtrend Resistance line at the top, from there it could go either way, if we do breakthrough to the upside, we could be looking at achieving our next support line at around 0.400.
Please share your thoughts below, I hope to have given you a clear view of what I think it may happen within next few days in my eyes.
I am expecting a quick drop within the next few days if the market manages to break through it previous support line between 0.3200 - 0.3150.
If the market does go below that, we well be looking pretty bullish for a pair of days until we hit our Downtrend Resistance line at the top, from there it could go either way, if we do breakthrough to the upside, we could be looking at achieving our next support line at around 0.400.
Please share your thoughts below, I hope to have given you a clear view of what I think it may happen within next few days in my eyes.