Three scenarios | Two good, One badDaily Chart
Now, BINANCE:OPUSDT is on ascending trend line acts the support in this situation.
I figure out 3 scenarios for OP now:
Number 1. Price will bounce back and going up resistance zones at 1.83
Number 2. Price will break down support and touch Hidden Support around 1.29 then consolidation phase long time before test resistance at 1.83
Number 3. Price down to 1.14 and sideway long time
So, wait and see what happen
I'll update
Hiddentrendline
SPX500 Short Based on RSIIf you take a look at the Green RSI trend line you can see that it was holding well as a support but the RSI has crossed beneath and retested the same Green trendline as a resistance so we can hopefully see the start of a down trend for a few weeks.
You can also see the FIbs extension mark up and the price has reached the .618 level.