“Today, price breaks the lower line of the pennant, which renews the sell signal. Negative sentiment will be denied, when the price will come back above the black line, which for now is very limited. „
After those words were written, the price declined sharply. On the 28th and 29th of June, the price reached lows on the 5.6 USD. Indeed, a great call from our analytical team. On those two days, the price also created the bullish engulfing pattern on the D1 chart, which was the beginning of the bullish reversal.