Support:
Weekly S3 @ 0.80
Previous Support/Weekly S4 @ 0.65
Yearly S1 @ 0.50
Previous high @ 0.39
Resistance: S/R a@ 0.875
Weekly S1 & S/R @ 1.15
Trend: Bearish
Weekly S3 @ 0.80
Previous Support/Weekly S4 @ 0.65
Yearly S1 @ 0.50
Previous high @ 0.39
Resistance: S/R a@ 0.875
Weekly S1 & S/R @ 1.15
Trend: Bearish
Note
Price tested the 0.65 support level and has since bounced sharply. Currently it is trading above the 0.875 level. A close above, may take price back to the 1.15 resistance, maybe after a test of the 0.875 as support. If it returns below 0.87 it will be the 0.65-0.87 that is the range of S/R.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.