what if the usual drops below 0.82?

$USUAL Let's analyze the temporary 4H chart.

Usual fails to break resistance and has been in a descending wedge for a few days. We know that a descending wedge always tends to break into an ascending one. Let's look at the probable projections!

Scenario 1

1 - Arrow 1 shows the current path of the candles. The upper line of the wedge for this path is at 1.00. In other words, in the next few hours the value could go up to 1.00.

1.1 - If it breaks the resistance of 1.00, the next important resistance to be broken is 1.03. If it breaks 1.03, it will enter an ascending wedge and seek new highs in the next few days.

Scenario 2

2 - If it does not break the upper line of the wedge at 1.00, it could seek the bottom of the wedge between 0.82-0.85.

3 - After finding resistance between 0.82-0.85, it will rise again to the upper line of the wedge between 0.90-0.92.

3.1- If it breaks the resistance of 0.92, the next important resistance is 0.96, breaking 0.96, it will seek new heights.

In summary:

The projection indicates a possible oscillation between 0.82-1.00. A break of the resistance 1.00 would be the only way to return to the ascendancy.

Note: KEEP AN EYE ON THE BTC FACTOR!

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