#PORTAL/USDT#PORTAL
The price is moving in a descending channel on the 4-hour frame and has just broken it well
We have a bounce from a major support area in green at 0.3500
We have a downtrend on the RSI indicator that has been broken upwards
We have a trend to stabilize above the moving average 100 which supports the rise
Entry price 0.3950
First target 0.4269
Second target 0.4530
Third target 0.4856
Portalusdtsignal
#PORTAL/USDT#PORTAL
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.6400
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.7140
The first target is 0.8201
The second target is 0.9340
Third goal 1.07
PORTAL/USDT If break the descending, Indicating bullish momentum💎 PORTAL has recently undergone notable market dynamics. Presently, PORTAL has successfully reclaimed its position above the support area and is now approaching the resistance of a descending channel pattern.
💎 A breakout above this pattern would signal bullish momentum, probability propelling the price further upward toward our target resistance area.
💎 However, should PORTAL fail to break above the pattern and retreat back to the support level, there's a risk of losing the support, leading to a potential downturn towards the demand area around $1.8 - $1.7.
💎 PORTAL must bounce from the demand area and reclaim its position above $2.07 to sustain upward momentum.
💎 Failure to do so could result in further downward movement, particularly if key support levels are breached.