Midterm forecast: - While the price is above the support 211.5, resumption of uptrend is expected.
- We make sure when the resistance at 450.0 breaks.
- If the support at 211.5 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis: - While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
- A trough is formed in daily chart at 254.500 on 07/20/2021, so more gains to resistance(s) 320.000, 380.000, 433.000 and maximum to Major Resistance (450.000) is expected.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 49.
Supports and Resistances: - 692.000
- Resistance on 05/10/2021
- Peak on 05/10/2021
- 637.000
- Resistance on 05/13/2021
- Support on 05/09/2021
- Resistance on 05/07/2021
- Resistance on 05/01/2021
- Resistance on 04/12/2021
- 480.000
- Support on 05/17/2021
- Support on 04/25/2021
- Support on 04/24/2021
- Support on 04/23/2021
- Support on 04/22/2021
- Support on 04/20/2021
- Support on 04/19/2021
- Support on 04/18/2021
- Resistance on 04/10/2021
- 450.000
- Support on 04/23/2021
- Support on 04/18/2021
- Support on 04/10/2021
- 433.000
- Resistance on 06/04/2021
- Resistance on 06/03/2021
- Peak on 06/03/2021
- Resistance on 05/20/2021
- Support on 04/18/2021
- 55.350
Click on the level to view price action history. |