The combination moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.007093000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.007589000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.007093 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.007589000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008347000 |
2nd High | 0.008098000 |
Next High | 0.007589000 |
Current Price | 0.007297000 |
Next Low | 0.007093000 |
2nd Low | 0.007025000 |
3rd Low | 0.007004000 |