market price is in correction movement after confirming a double top. I expect down movement to 0.6355 area which is first stronger support area.
Supports are:
1. 38,2 fibonacci retracement support area ( if market price turns at this area we can expect again fast up movement because this is indicator for a strong trend movement)
2. RSI baselines is near up trend line which is support and entry for buyers
3. MACD baselines are near 0 line which is area for trend reversal. Expect fast up movement if the baselines cross bullish and doesn´t fall under the 0 line.
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Enjoy your weekend guys ;)
Order cancelled
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market doesn't closed above the trend line and confirmed bearish trend continuation