Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
8750 | 0% @ 8000 | 8633 | SMA 15 @ 8370 | Upper @ 8856 |
8600 | 38.2% @ 8687 | 8466 | SMA 25 @ 8392 | Middle @ 8373 |
8350 | 50% @ 8900 | 8333 | SMA 50 @ 8757 | Lower @ 7890 |
8150 | 61.8% @ 9112 | 8166 (Pivot) | - | - |
8000 | 100% @ 9800 | 8033 | - | - |
7850 | - | 7866 | - | - |
7700 | - | 7733 | - | - |
Recommended Actions:
- Buy @ 8000 (support line and Fibo 0%).
- Average Buy @ 7850 (support line, pivot support, and lower Bollinger band).
- 1st Sell Target @ 8350 (resistance line, pivot resistance, SMA 15, and middle Bollinger band).
- 2nd Sell Target @ 8600 (resistance line and pivot resistance).
- Stop loss (or simply wait) if the price goes below 7700.
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