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Most likely the price will rise to the local level of resistance $ 0.24221. Since the CCI indicator shows a double bottom (indicating further growth). Such Moving Averages are far from the price, which means that the price must rise to the Moving Averages (according to the theory of Technical Analysis ).
Otherwise, the price will continue to drop to the support level of $ 0.21000, then the decrease may continue to the support level of $ 0.20053 and from there the price will rise to support level of $ 0.22361 (as it was before).
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Most likely the price will rise to the local level of resistance $ 0.24221. Since the CCI indicator shows a double bottom (indicating further growth). Such Moving Averages are far from the price, which means that the price must rise to the Moving Averages (according to the theory of Technical Analysis ).
Otherwise, the price will continue to drop to the support level of $ 0.21000, then the decrease may continue to the support level of $ 0.20053 and from there the price will rise to support level of $ 0.22361 (as it was before).
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
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