Midterm forecast: - While the price is below the resistance 0.73150, beginning of downtrend is expected.
- We make sure when the support at 0.69400 breaks.
- If the resistance at 0.73150 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis: - There is a divergence in RSI and price between the peak at 0.7103 on 2020-12-03 and the peak at 0.73145 on 2021-01-06, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
- The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
- A peak is formed in daily chart at 0.7315 on 01/06/2021, so more losses to support(s) 0.7100, 0.7005 and minimum to Major Support (0.6940) is expected.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index (RSI) is 50.
Take Profits: - 0.7100
- Resistance on 12/23/2020
- Support on 12/21/2020
- Support on 12/17/2020
- Resistance on 12/15/2020
- Resistance on 12/14/2020
- Resistance on 12/11/2020
- Resistance on 12/10/2020
- Resistance on 12/09/2020
- Resistance on 12/03/2020
- Support on 04/24/2018
- Resistance on 12/29/2017
- Resistance on 12/28/2017
- Resistance on 05/31/2017
- Resistance on 05/30/2017
- Support on 03/01/2017
- Resistance on 01/12/2017
- Support on 12/14/2016
- Support on 12/07/2016
- Resistance on 12/01/2016
- Resistance on 11/28/2016
- Resistance on 11/17/2016
- Support on 11/14/2016
- Support on 11/11/2016
- Support on 10/27/2016
- Resistance on 10/14/2016
- Resistance on 10/13/2016
- Support on 08/08/2016
- Resistance on 07/28/2016
- Support on 07/18/2016
- Support on 07/15/2016
- Support on 07/06/2016
- Resistance on 06/27/2016
- Support on 06/24/2016
- Resistance on 06/16/2016
- 0.7005
- Support on 12/21/2020
- Support on 12/10/2020
- Support on 12/09/2020
- Support on 12/07/2020
- Support on 12/01/2020
- Resistance on 11/26/2020
- Resistance on 11/25/2020
- Resistance on 11/24/2020
- Resistance on 06/01/2018
- Resistance on 05/31/2018
- Support on 05/07/2018
- Support on 05/04/2018
- Resistance on 12/19/2017
- Resistance on 12/18/2017
- Resistance on 12/15/2017
- Resistance on 10/24/2017
- Support on 10/19/2017
- Support on 05/26/2017
- Support on 04/24/2017
- Support on 04/21/2017
- Support on 04/18/2017
- Resistance on 04/14/2017
- Resistance on 04/13/2017
- Support on 03/29/2017
- Support on 03/28/2017
- Support on 03/24/2017
- Resistance on 03/07/2017
- Support on 03/03/2017
- Support on 12/15/2016
- Support on 11/18/2016
- Support on 11/17/2016
- Support on 07/27/2016
- Support on 07/19/2016
- Support on 06/24/2016
- Support on 06/16/2016
- Resistance on 04/29/2016
- 0.6940
- Resistance on 11/23/2020
- Resistance on 11/20/2020
- Resistance on 11/18/2020
- Resistance on 03/21/2019
- Peak on 03/21/2019
- Resistance on 02/01/2019
- Resistance on 01/31/2019
- Resistance on 12/05/2018
- Resistance on 12/04/2018
- Resistance on 12/03/2018
- 0.6775
- Support on 11/09/2020
- Resistance on 11/06/2020
- Resistance on 11/05/2020
- Resistance on 09/21/2020
- Resistance on 09/18/2020
- Resistance on 09/03/2020
- Resistance on 09/02/2020
- Resistance on 09/01/2020
- Resistance on 07/22/2019
- 0.6615
- Support on 11/04/2020
- Support on 10/29/2020
- Resistance on 10/19/2020
- Resistance on 10/16/2020
- Support on 09/22/2020
- Support on 09/09/2020
- Support on 09/08/2020
- Support on 08/28/2020
- Resistance on 08/19/2020
- Resistance on 08/18/2020
- Support on 08/05/2020
- Support on 07/31/2020
- Support on 07/30/2020
- Support on 07/27/2020
- Resistance on 01/24/2020
- Resistance on 01/23/2020
- Support on 01/16/2020
- Support on 01/13/2020
- Support on 01/08/2020
- Resistance on 12/20/2019
- Resistance on 12/18/2019
- Resistance on 12/16/2019
- Resistance on 12/13/2019
- Resistance on 07/31/2019
- Support on 07/29/2019
- Support on 07/08/2019
- Support on 07/05/2019
- Support on 06/26/2019
- Support on 06/07/2019
- Resistance on 06/05/2019
- Resistance on 06/04/2019
- Resistance on 05/10/2019
- Support on 05/01/2019
- Support on 04/26/2019
- Support on 01/03/2019
- Resistance on 10/22/2018
- Resistance on 09/19/2018
- Resistance on 09/06/2018
- Support on 08/31/2018
- Support on 08/24/2018
- Support on 08/21/2018
- Resistance on 08/14/2018
- Resistance on 08/10/2018
- 0.6385
- Support on 06/30/2020
- Support on 06/15/2020
- Support on 06/12/2020
- Resistance on 03/09/2020
- Resistance on 02/20/2020
- Support on 11/19/2019
- Resistance on 11/08/2019
- Support on 11/04/2019
- Resistance on 10/25/2019
- Resistance on 10/18/2019
- Resistance on 09/16/2019
- Resistance on 09/05/2019
- Resistance on 08/27/2019
- Support on 08/07/2019
- Support on 01/20/2016
- Support on 01/15/2016
- Support on 10/02/2015
- Resistance on 09/29/2015
- Resistance on 09/28/2015
- Resistance on 09/25/2015
- Resistance on 09/17/2015
- Resistance on 09/16/2015
- Resistance on 09/10/2015
- Resistance on 09/09/2015
- Resistance on 09/01/2015
- 0.6240
- Resistance on 05/29/2020
- Support on 03/10/2020
- Support on 03/09/2020
- Support on 03/03/2020
- Support on 02/28/2020
- Support on 10/16/2019
- Support on 09/23/2015
- Support on 09/07/2015
- Support on 08/24/2015
Click on the level to view price action history. |