The asset is showing growth. The price tested a strong resistance level at 155.00. On the H2 timeframe, a bearish engulfing pattern has formed, and the RSI indicator shows a bearish divergence. If the local low is broken, a decline is likely to begin.
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β€40π9π₯5π2π2π―2π±1π€1
The asset is showing a decline. Each low and high is lower than the previous one, clearly indicating a downward structure. Currently, the price is testing the support level at 1.3987. If this level is broken, the decline may continue.
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β€29π11π₯3π€3π2
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β€73π₯22π11β‘6π5π±2π2π―2
The 200-MA gives additional resistance for the pair. Further options are possible here:
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β€57π17β‘3π³2π₯1π1
The asset was moving in an upward channel. The price is trying to break out of the channel and right now is breaking the lower boundary of the channel and is heading toward the support level of 0.7933. If this level is broken, a change of structure and the beginning of a decline toward the level of 0.7856 are likely.
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β€31π15π₯5β‘3π―3
Investing, trading, and gambling are all different ways of trying to make money, but they are not the same thing.
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β€59π26π₯5π―4β2
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β€47π11π₯7π―2
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β€40π₯8π4π3π―2π€1
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β€97π16π₯16π5π―4π3π€©2
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β€40π―5π€5π₯°2π³2β‘1π1
The index shows impulsive decline. The RSI indicator is in the oversold zone, as history indicates that from this zone, purchases often occurred. In case the local high level is updated, growth toward 25,419 can be expected with the goal of covering the FvG, which may act as a magnet for the price.
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π26β€15π₯3π3π€©2
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β€28π8β‘4π₯3β2
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β€39π13π₯3π1π―1π€1
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β€55π―22π18π₯8π₯°5π5
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π€£109π―17β€13π9π7π5π2π¨2
Support and resistance are key price zones where the market has previously reacted, reversing, pausing, or accumulating orders. These areas show where traders think an asset is overvalued (resistance) or undervalued (support).
Local highs/lows may not hit the exact same price, and thatβs normal. The zone usually equals the size of an average recent candle.
These zones are called liquidity areas because this is where most traders make decisions.
A zone where buyers are likely to step in and prevent further price decline.
A zone where sellers are likely to stop price growth.
If the price breaks a level and consolidates above/below, support can turn into resistance, and resistance can become support. These βmirror levelsβ are very common and highly reliable.
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β€103π16β14π₯11π―5π₯°2
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β€57π12π€©7π4β‘2π₯°2π―1
Momentum crosses the 100-line, suggesting a strong bullish sentiment.
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β€48π12π₯8π3π―3π€3π’1
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β€77π₯19π12π―8π€3π’1