Viewpoint: Price is trading in a descending channel
Trend: downward trend on short-term and medium-term basis
The momentum is bearish (the MACD line is below the signal line and the RSI is below 50).
Support and resistance is the closest support zone at $0.46. The nearest resistance area is $0.51 and then $0.54.
Trend: downward trend on short-term and medium-term basis
The momentum is bearish (the MACD line is below the signal line and the RSI is below 50).
Support and resistance is the closest support zone at $0.46. The nearest resistance area is $0.51 and then $0.54.