Strong support at 3.4926, if the bears close below it is a great success for them and the way to lower prices. Conclusion and analysis are based on the study of sales volumes and their distribution.
Comment:
As you see the price rested against a strong resistance at 3.7574, and then committed the process of accumulation between the median level of 3.6346 and 3.7574. Now we expect the action from the bears will they be able to break through the support of 3.4926 or there will be a trend reversal.
Trade closed: target reached
Comment:
Close at 3.5030
