The combination goes from the ascending trendline downwards
The bearish trend downwards to the next support at 0.002450000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.002567500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.00245 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.002567500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.002621000 |
2nd High | 0.002597200 |
Next High | 0.002567500 |
Current Price | 0.002483500 |
Next Low | 0.002450000 |
2nd Low | 0.002426000 |
3rd Low | 0.002399000 |