Type : Bearish Drop
Resistance :3.5555
Pivot: 3.4755
Support : 3.3695
Preferred Case: On the H4, with price below the ichimoku indicator and RSI is moving within a descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4755, which is in line with the overlap support to the 1st support at 3.3695, where the 61.8% fibonacci retracement and overlap support are.
Alternative scenario: Alternatively, price could rise to the 1st resistance at 3.5555, where the overlap resistance and 50% fibonacci retracement are.
Fundamentals: No Major News
Resistance :3.5555
Pivot: 3.4755
Support : 3.3695
Preferred Case: On the H4, with price below the ichimoku indicator and RSI is moving within a descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4755, which is in line with the overlap support to the 1st support at 3.3695, where the 61.8% fibonacci retracement and overlap support are.
Alternative scenario: Alternatively, price could rise to the 1st resistance at 3.5555, where the overlap resistance and 50% fibonacci retracement are.
Fundamentals: No Major News
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.