The situation on the $EFI is very interesting, on the one hand we have a clear downtrend and a "triangle" pattern, a very high chance of falling below the trend line, which would open the way to a fall of more than 50%.
However, if the price stays with the support (0.7-0.8) and the market does not fall, we might have a chance to test the resistance (1.33-1.43) and if it successfully breaks it, we might expect the triangle pattern to grow (about 200%) and higher.
Always consider the state of the market!
DYOR!
However, if the price stays with the support (0.7-0.8) and the market does not fall, we might have a chance to test the resistance (1.33-1.43) and if it successfully breaks it, we might expect the triangle pattern to grow (about 200%) and higher.
Always consider the state of the market!
DYOR!