From Binance
I am not a Financial Advisor and therefore none of my trades should be taken with absolute certainty that they will work, trade at your own risk.
The price is below 200MA, which is a good indicator that price will continue to drop. If you look at comment number 3 I show that price has been hitting the resistance line for too long, this indicates that the price will continue to drop because if the resistance line has been hit too many times then the traders are like:
"Man the price is not rising and i am better off selling my assets".
However, on the flip side it could also indicate that price may be trying to push itself up and maybe the next one could work. If you look carefully that twice, the support line has been hit and the trend seems to be going up and price want's to come up above the 200MA, which indicates a strong bullish movement.