Now the price is going in a triangle with downtrend. Downtrend started on 20/6 and still working, support line is on 2,23. It has been tested 4-5 times but couldn't break the support. When we look at the indicators;
1- RSI broke the support on 3rd try. It may continue to 30's,
2- Parabolic SAR started to show that price will continue to go down,
3- Moving Average is almost breaking the Bollinger baseline,
4- Bollinger bands narrowed down and ready for a steep move
In conclusion we have to check the price to break the support line on 2,23. If it will be broken, next support will be 2,17 than 2,10
1- RSI broke the support on 3rd try. It may continue to 30's,
2- Parabolic SAR started to show that price will continue to go down,
3- Moving Average is almost breaking the Bollinger baseline,
4- Bollinger bands narrowed down and ready for a steep move
In conclusion we have to check the price to break the support line on 2,23. If it will be broken, next support will be 2,17 than 2,10
Trade closed: target reached:
Chart worked perfectly as we guessed and drew the falldown