Trend
Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like.
Break out
Which ever way it breaks out the move will be bigger, if it breaks down those holding their positions will panic sell which will further put pressure on the price. If it breaks to the upside people are waiting to catch this one and ride it.
Support Area
We can see on the chart 3.60-3.65 is holding tight so far but i think it will be broken very soon. Resistance is at 3.80 for now.
Hit like & follow guys ;)
Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like.
Break out
Which ever way it breaks out the move will be bigger, if it breaks down those holding their positions will panic sell which will further put pressure on the price. If it breaks to the upside people are waiting to catch this one and ride it.
Support Area
We can see on the chart 3.60-3.65 is holding tight so far but i think it will be broken very soon. Resistance is at 3.80 for now.
Hit like & follow guys ;)