The combination goes from the ascending trendline down.
A bearish descent down to the next support line at 0.006516000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.006948000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.0065305 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.006948000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008015000 |
2nd High | 0.007564000 |
Next High | 0.006948000 |
Current Price | 0.006674000 |
Next Low | 0.006516000 |
2nd Low | 0.006390000 |
3rd Low | 0.006113000 |