Midterm forecast: - While the price is above the support 22.150, resumption of uptrend is expected.
- We make sure when the resistance at 26.000 breaks.
- If the support at 22.150 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis: - The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
- The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is increased.
- A peak is formed in daily chart at 25.99 on 11/06/2020, so more losses to support(s) 23.05 and minimum to Major Support (22.15) 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 48.
Supports and Resistances: - 18.35
- Resistance on 07/07/2020
- Resistance on 07/06/2020
- Resistance on 07/01/2020
- Resistance on 06/02/2020
- Resistance on 06/01/2020
- Peak on 06/01/2020
- Resistance on 01/27/2020
- Resistance on 01/06/2020
- Resistance on 10/25/2019
- Support on 09/03/2019
- Resistance on 08/29/2019
- Resistance on 08/28/2019
- Resistance on 04/19/2017
- Support on 04/17/2017
- Resistance on 04/11/2017
- Resistance on 04/07/2017
- Resistance on 04/06/2017
- Resistance on 04/04/2017
- Resistance on 02/28/2017
- Resistance on 02/24/2017
- Support on 11/10/2016
- Resistance on 11/08/2016
- Resistance on 11/01/2016
- Support on 08/29/2016
- Resistance on 06/29/2016
- Resistance on 01/26/2015
- Resistance on 01/23/2015
- Resistance on 01/22/2015
- Resistance on 01/21/2015
- 15.85
- Resistance on 05/14/2020
- Resistance on 04/14/2020
- Resistance on 03/13/2020
- Resistance on 02/18/2019
- Resistance on 02/11/2019
- Resistance on 02/08/2019
- Resistance on 02/06/2019
- Resistance on 01/29/2019
- Resistance on 01/04/2019
- Resistance on 07/17/2018
- Support on 12/15/2017
- Support on 12/14/2017
- Resistance on 07/11/2017
- Support on 07/05/2017
- Support on 01/03/2017
- Support on 12/30/2016
- Support on 12/28/2016
- Support on 12/21/2016
- Support on 12/20/2016
- Support on 12/19/2016
- Support on 12/15/2016
- Support on 06/01/2016
- Support on 05/30/2016
- Support on 04/14/2016
- Support on 04/12/2016
- Resistance on 03/23/2016
- Resistance on 03/21/2016
- Resistance on 02/11/2016
- Support on 10/28/2015
- Resistance on 10/26/2015
- Resistance on 10/23/2015
- Resistance on 10/22/2015
- Support on 10/15/2015
- Support on 10/14/2015
- Support on 10/07/2015
- Resistance on 07/13/2015
- Resistance on 07/06/2015
- Support on 06/19/2015
- Support on 06/16/2015
- Support on 06/15/2015
- Support on 06/12/2015
- Support on 06/11/2015
- Support on 05/01/2015
- Support on 04/30/2015
- Support on 04/21/2015
- Support on 04/20/2015
- Support on 03/19/2015
- Support on 03/06/2015
- Support on 11/19/2014
- Resistance on 11/11/2014
- Resistance on 11/10/2014
- Resistance on 11/07/2014
- Support on 11/03/2014
- Support on 10/31/2014
- 13.60
- 11.25
- 9.40
- 8.45
- 7.65
- 7.00
- 6.20
- 5.45
- 4.40
Click on the level to view price action history. |