Context:
price traded towards the "mean" of 26000 which is a key level , if we reject the level we will see
some donwside till 25100 , on the other hand should we clear this level to the upside the intermediate upside potential will be 26500/ 27000 , the tight range between support 25800 and resistance 25965 and how it resolves itself will indictate the future price movement
Signs of strength:
strong rally
Signs Of weakness:
price came to an halt near the mean
Support:
25800
25100
Resistance:
26000
www.invezted.com
price traded towards the "mean" of 26000 which is a key level , if we reject the level we will see
some donwside till 25100 , on the other hand should we clear this level to the upside the intermediate upside potential will be 26500/ 27000 , the tight range between support 25800 and resistance 25965 and how it resolves itself will indictate the future price movement
Signs of strength:
strong rally
Signs Of weakness:
price came to an halt near the mean
Support:
25800
25100
Resistance:
26000
www.invezted.com