The combination goes from the bullish trendline downwards
A descent down to the next support at 0.000008220 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000009530 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 8.92E-6 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.000009530 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000010320 |
2nd High | 0.000010020 |
Next High | 0.000009530 |
Current Price | 0.000008490 |
Next Low | 0.000008220 |
2nd Low | 0.000007950 |
3rd Low | 0.000007730 |