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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.