Crypto Maxx
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FIL/USDT — Will it succeed in breaking the descending channel?
A descending channel/wedge has been observed on the daily frame extending for months. The price recently formed a rising bottom above the demand zone of $2.16–$2.41 and is currently trading below the descending trendline and near the 200D moving average (which is around $2.8–$3.0). Any strong close above the channel will be an early signal for a change in trend.
Monitoring areas:
Immediate support: $2.41 then $2.16 — breaking them returns to $1.92.
Monitoring areas:
Immediate support: $2.41 then $2.16 — breaking them returns to $1.92.
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