The combination goes from the ascending trendline down.
A bearish trend downwards to the next support at 0.039060000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.039850000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03898182 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.039850000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.040470000 |
2nd High | 0.039870000 |
Next High | 0.039850000 |
Current Price | 0.039250000 |
Next Low | 0.039060000 |
2nd Low | 0.038940000 |
3rd Low | 0.038740000 |