Long CDR
There was a strong and rapid drop of 48.62% in 5 trading sessions.
The fall ended on trend support, attempts to break through this support did not take place and the closing of these days was green candles above the support level.
Two trading days with a breakout of support (14.20.21 and 18.20.21), a new support was formed with the growth of the RSI on lower timeframes.
After a strong fall, a strong and fast rebound of the price to the 0.5 fibonacci level may follow.
Also, if the support is held, growth is possible, but slower.
Take 354,8.
The risk of stop consolidation on the level 232,6.
There was a strong and rapid drop of 48.62% in 5 trading sessions.
The fall ended on trend support, attempts to break through this support did not take place and the closing of these days was green candles above the support level.
Two trading days with a breakout of support (14.20.21 and 18.20.21), a new support was formed with the growth of the RSI on lower timeframes.
After a strong fall, a strong and fast rebound of the price to the 0.5 fibonacci level may follow.
Also, if the support is held, growth is possible, but slower.
Take 354,8.
The risk of stop consolidation on the level 232,6.
2 fibo instruments, the first from the local high to the minimum.
The second local reverse fibo inside the consolidation after the fall.