Resistance: $1.9
Support: $1.3
Note that negative divergence is seen on daily Stochastic. Hence, be cautious for possible reversal as the price failed to close above resistance 1.89. Should the buying momentum still persist, next target is at $3.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Support: $1.3
Note that negative divergence is seen on daily Stochastic. Hence, be cautious for possible reversal as the price failed to close above resistance 1.89. Should the buying momentum still persist, next target is at $3.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Comment:
Support 1.3 breached. Expect for more downside movement towards .93