Accurate, quick, and concise analysis

Your brother: buino Moha. Ksar al-Kabir 🥰

1. Apparent artistic pattern: 📉

There is a descending triangle, which is typically a bearish pattern.

The price has broken the lower support line in red, indicating a possibility of continued decline.

2. Important signals:

The downtrend is clear from the decreasing peaks.

There was a strong break of the support with a clear red candle after a long consolidation.

The confirmation of the break occurred when the price exited the triangle downwards.

3. Upcoming expectation (if there are no impacting news):

There is a high probability of a decline if the price does not quickly return above the broken support line.

The next potential support is at previous accumulation levels (should be determined according to the larger timeframe).

General recommendation (not financial advice):

Watch for the closing of the next candle.

If the break is confirmed, it is advisable to be cautious about buying now.

If the price returns and breaks the resistance again, it could be a false break trap.

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