Should the price break the demand level of $0.24 the downtrend movement will be experienced and this will expose it to another demand level of $0.21.
In case the distribution level of $128 is broken, the pair will resume its uptrend movement and upper distribution territory of $140 will be exposed. A breakout at the upper area or breakdown at the lower area is imminent, so traders should be patient when taking a trade.
There is a probability for the uptrend movement this week in case the price breakout to the north from the ascending triangle pattern formed on both daily and 4-Hour charts.
The price has formed an “ascending triangle” pattern on the daily and 4-hour chart which suggests the probability for the price increase toward a resistance level of $6.8.
Only a radical fundamental event can forcefully bring about a significant rally in the market on the daily chart.
The Bulls increased their momentum by the formation of bullish engulfing candle followed with the massive strong bullish candles; broke both supply levels of $0.21 and $0.24.
Trading can be done within the range by lookout for the opportunity to initiate a buying trade at a lower level of price and selling trade at a higher level as the price continues its ranging within the territories of $128 and $102.
Should bears put in more pressure there is a probability for further reduction of the price towards the support level of $0.015 this week.
The price has formed a “pennant” pattern on the daily chart which suggests the probability for the price to fall toward support level of $4.1.
There is a possibility for the price to break out of the supply zone of $0.08 moved up to test the supply zone of $0.11.
XLM is ranging within the supply level of $0.21 of the upper range and the demand level of $0.18 of the lower range, the price may break out from the channel that will lead to decreases in the rates.
The price continues its ranging within the territories of $150 and $102. Traders can look out to initiate a long trade at the lower level of price in case of the price fall to the lower level of the price range.
Tron may experience a further reduction in price towards the support level of $0.015, more pressure from the bears may break the support level and the support level of $0.0 will be exposed.
The price is forming the last part of the “W” pattern which connotes the possibility of the price increases toward the resistance level of $6.8 and there is a possibility for a breakout.
The coin is still trading within the supply level of $0.24 of the upper range and the demand level of $0.18 of the lower range, the price may break out from the channel that will lead to decreases in the rates.