Based on our previous analysis on January 5, we expected a rise to happen for the price at that time and now we see the precise prediction of our team in this chart. There are R2 and R1 on the top that are our resistance areas with their presentation of the disability of the price in order to rise. And S1 used to be a resistance line. Hence, we have the fluctuation of price below R1 and two scenarios are predicted here. So we must wait for some confirmation candles for a rise or a decline. If the price gives us some rising signs, surely it is expected to face a rise toward higher amounts. It is also probable that the price loses the support at R1 and has more decline downward. We highly recommend you to activate your stop-loss points due to the unstable situation of market.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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