The combination goes from the ascending trendline down.
A bearish trend downwards to the next support line at 4.564000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 4.964000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 5.209000000 |
2nd High | 5.100000000 |
Next High | 4.964000000 |
Current Price | 4.800000000 |
Next Low | 4.564000000 |
2nd Low | 4.233000000 |
3rd Low | 4.190000000 |