Price is currently trading in a falling wedge pattern and has been rejected from the resistance line. The price is unable to maintain support and is currently moving downwards. This is a no-trade zone, and it's better to wait for new entry opportunities.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#NMR analysis:
Price is currently trading in a falling wedge pattern and has been rejected from the resistance line. The price is unable to maintain support and is currently moving downwards. This is a no-trade zone, and it's better to wait for new entry opportunities.
Resistance Area: $16.00-$17.50