$AB Newton 1D Analysis

Price action is hanging onto the edge of the 100W moving average. If price dips below it we could see a breakdown of price action potentially down to $0.000195.

We can see a pink decending triangle.

Although typically bearish, a descending triangle can sometimes signal a bullish reversal with an upward breakout.

The upside breakout of this consolidation could push price action back up to $0.023554.

We are also in the golden pocket of the Fibbonachi retracement of the larger move to the upside.

NFA, DYOR ⚠️

#Crypto #Trading #Newton