As you can see, the price tried several times to break the downward trend line correctly, but failed to break this trend line correctly. If the price can break the downward trend line correctly, it is possible to climb up to the specified limits for the currency. If the price intends to decrease and drop, it can rest a little at these two levels and react.
You can think about the sales position. You can break the level of 166.140 and stay with this currency until 165.850 if your price is correct. People who do not want to take such a risk can allow the price to break the uptrend line correctly and then stay with the currency until 165.060.
As you can see, the price broke the downward trend line but could not stabilize its failure and came below the upward trend line and reacted to the downward trend line several times.
The next few candles to determine the price trend of the currency (at least in a short period of time); It is very important. If the candles are supposed to be down: in case of stabilization in the failure, risk takers can enter the selling position after the breaking of the rising trend line (yellow color). Risk-averse people can enter the trade after the main...
You can see the price reaction to the specified levels.
You can see the price reaction to the specified levels.
The first price support and resistance is marked on the chart.
The first support and resistance range for the symbol is marked on the chart.
The price reacted very well to the indicated levels.
The price reacted very well to the indicated levels.
The first support and resistance range for the price
Very important price ranges (without considering the impact of the news)
As you can see, the price after the breaking of the upward trend line and also the first support and consolidation of the break, was finally able to react to all the announced goals.
As you can see, the price reacted to the first support level, but according to the published news, the price came under the second support. If the breaking of the upward trend line is stabilized; The downward trend is confirmed.
Support and resistance levels are marked on the chart for the price.
As you can see, the price was finally able to reach its goal of 1,600, but it could not stabilize above this level and came back below it.
As you can see, the price failed to stabilize itself above the downward trend line and came below the downward trend line. In the second failure, the price resulting from excitement or news broke this level and even got away from it with a few candles, but finally with a candle it even came below the downward trend line. You can say the third failure is a correct failure.
As you can see, the price could not properly break the downward trend line and returned to the downward trend line again. The pitchfork is drawn by the Auto Pitchfork indicator. As long as the price cannot break its downward trend line correctly; The downward trend will remain.