Basic levels:
39.49 - globally resistance and maximum.
25.21 - local resistance.
21.68 - locally resistance.
14.39 - local support for which we are now moving, if we consolidate above, then there will be a retest, if there is still a trend, we will go to 21.50.
8.82 - strong support.
4.09 - global support, which had 2 touches that affected the coin very much.
What to expect?
Now we are moving at the local support level of 14.39, if we manage to gain a foothold, we can go for a retest. MA28 and MA14 show a downtrend and they will also build a corridor into which the price may come, about 61.8% of Fibo. But if we break through the trend, and it will be 3 cs, as a rule it is the main one for breakdown, then we will go to 21.68, we will encounter resistance, but since it is local, then with volumes above average we easily break through it. It will be more difficult to break through 25.21, but as soon as it goes there, we will look at the situation.
If we go below 14.39 and gain a foothold over it, then the approach to 78.6% fibo is relevant, for many it is a significant level (11.657), since there will be increased liquidity, which is only at hand for growth. When going there, most likely there will be a consolidation above 78.6% after which there will be an increase to 14.46 and after to the trend.
But we can also break through 78.6%, then the level of 8.80 will act as support, which just can’t be broken, you need a large amount for a couple of days.
CCI broke through the level of -100, which hints at a slight increase. But since the trend is downward, buy only when fixing above the level, or searching for the intraday support level.
39.49 - globally resistance and maximum.
25.21 - local resistance.
21.68 - locally resistance.
14.39 - local support for which we are now moving, if we consolidate above, then there will be a retest, if there is still a trend, we will go to 21.50.
8.82 - strong support.
4.09 - global support, which had 2 touches that affected the coin very much.
What to expect?
Now we are moving at the local support level of 14.39, if we manage to gain a foothold, we can go for a retest. MA28 and MA14 show a downtrend and they will also build a corridor into which the price may come, about 61.8% of Fibo. But if we break through the trend, and it will be 3 cs, as a rule it is the main one for breakdown, then we will go to 21.68, we will encounter resistance, but since it is local, then with volumes above average we easily break through it. It will be more difficult to break through 25.21, but as soon as it goes there, we will look at the situation.
If we go below 14.39 and gain a foothold over it, then the approach to 78.6% fibo is relevant, for many it is a significant level (11.657), since there will be increased liquidity, which is only at hand for growth. When going there, most likely there will be a consolidation above 78.6% after which there will be an increase to 14.46 and after to the trend.
But we can also break through 78.6%, then the level of 8.80 will act as support, which just can’t be broken, you need a large amount for a couple of days.
CCI broke through the level of -100, which hints at a slight increase. But since the trend is downward, buy only when fixing above the level, or searching for the intraday support level.