Support and Resistance:
Line Studies | Fibonacci | Pivot | Moving Average | Bollinger |
9000 | 0% @ 8000 | 8500 | SMA 15 @ 8246 | Upper @ 8819 |
8750 | 38.2% @ 8687 | 8350 | SMA 25 @ 8316 | Middle @ 8284 |
8600 | 50% @ 8900 | 8250 | SMA 50 @ 8651 | Lower @ 7748 |
8350 | 61.8% @ 9112 | 8100 (Pivot) | - | - |
8150 | 100% @ 9800 | 8000 | - | - |
8000 | - | 7850 | - | - |
7850 | - | 7750 | - | - |
Recommended Actions:
- Buy @ 8350 (support line and pivot support).
- Average Buy @ 8000 (support line, Fibo 0%, and pivot support).
- 1st Sell Target @ 8600 (resistance line, and SMA 50).
- 2nd Sell Target @ 8750 (resistance line and upper Bollinger band).
- Stop loss (or simply wait) if the price goes below 7850.
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