Type : Bearish Drop
Resistance :3.5565
Pivot: 3.4990
Support : 3.47325
Preferred Case: On the H4, with the Stoch is below 20, and the price is below ichimoku cloud, RSI is showing a descending trendline and Stoch is reversing from the resistance, we have a bearish bias that the price may drop from the pivot at 3.4990, which is in line with tyhe 50% fibonacci retracement and overlap support to the 2st support at 3.4325, which is in line with the swing low, 78.6% Fibonacci retracement and 61.8% fibonacci projection.
Alternative scenario: Alternatively, price could rise to the 1st resistance at 3.5565, where the swing highs and 50% fibonacci retracement are.
Fundamentals: No major news.
Resistance :3.5565
Pivot: 3.4990
Support : 3.47325
Preferred Case: On the H4, with the Stoch is below 20, and the price is below ichimoku cloud, RSI is showing a descending trendline and Stoch is reversing from the resistance, we have a bearish bias that the price may drop from the pivot at 3.4990, which is in line with tyhe 50% fibonacci retracement and overlap support to the 2st support at 3.4325, which is in line with the swing low, 78.6% Fibonacci retracement and 61.8% fibonacci projection.
Alternative scenario: Alternatively, price could rise to the 1st resistance at 3.5565, where the swing highs and 50% fibonacci retracement are.
Fundamentals: No major news.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.