very possible to reach the dynamic red line again by the harmonic pattern
also decreasing in momentum can lead the price to stop from growing more and start the downtrend....
psychologically too, price is ready to surprise every retails by bearish movement
we are in a critical time zone for reef.... resistance of channel midline and price cluster can obviously push the price and band it to grow more and all things possibly cooperate to start new downtrend
it can go to lower level by breaking the neckline of head and shoulders pattern and if it will support by the red dynamic line it can goes higher again or if not, it can breaking it very strong toward the 50K
we predicted the index downtrend movement on the top and now it have happened, as we predicted the support zone chane it duty to the resistance and here we have faced to this resistance.... if it will broke we gonna back to uptrend move again and if not, lower support level is recognized and visible in the chart
AS we are seeing, very careful double top and reducing in momentum, can forward the index into the lower level which is showing in the chart by price ticket..... in 4 h scale downtrend is more obvious than the other prediction
this chart is very hard to analysis as we have no data on chart more than 3 days.
but we put our lots of efforts to do both price and time analysis.....
supports and resistances zone are being drawing to lead you in the best ways.
At present, according to the areas of support and resistance, as well as previous behavioral patterns, there is a possibility of moving up and reaching the next resistance range.
Future movements of this currency are predicted only as a moving probability.
However, in the event of a return and a drop in the price of the support areas, it is also clear that the...