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The price is on bearish market condition for the secondary ranging within the following key reversal support/resistance levels:
- 54.00 resistance level, and
- 42.18 support level.
RSI indicator is estimating the secondary ranging within the bearish market condition.
- If the price will break 54.00
resistance level so the local uptrend as the secondary bear market rally will be started.
- if price will break 42.18 support so the primary bearish market condition will be continuing.
- if not so the price will be ranging within the levels.
Resistance | Support |
---|---|
54.00 | 42.18 |
66.32 | 43.11 |
69.57 | N/A |