8.20 Morning Market Overview: C is suppressed by the descending trend line #Chainbase

$C is currently being suppressed by the descending trend line, and only by breaking through the trend line can it rise to 0.21397 and 0.22236; otherwise, it will return to the lower support at 0.20395 and the lower trend line at 0.19944.

C is in a bullish descending wedge channel; only by breaking through the upper trend line at 0.20933 and stabilizing can we chase long positions, with a stop at 0.20622 and a target of 0.21397; conversely, breaking the trend line would lead to a large bearish candle falling back into the trend to short, with a stop at 0.21397 and a target of 0.20395; high short positions can be set at 0.21397 where support and resistance switch places, with a stop at 0.21648 and a target of 0.20754 and 0.20395@Chainbase Official .

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