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There is a divergence that speaks of a future decline. But Moving Averages are aimed at the top and building a local bullish trend. Therefore, we need to wait for confirmation. The confirmation will be the fixing of the price below or above the resistance level $ 0.16531.
If the price is fixed above the resistance level, you can open a long position.
If the price is fixed below the resistance level, you can open a short position.
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There is a divergence that speaks of a future decline. But Moving Averages are aimed at the top and building a local bullish trend. Therefore, we need to wait for confirmation. The confirmation will be the fixing of the price below or above the resistance level $ 0.16531.
If the price is fixed above the resistance level, you can open a long position.
If the price is fixed below the resistance level, you can open a short position.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.