Keypoints:
1.Price breaks below the descending triangle
2.Touch the blue line support which signifies a trend line
3.If it follows the blue trendline it is expected to touch the blue resistance;
4. If the support at 7401 price will become the resistance and will reject it, $XEM is expected to touch the next support at 2 fib. (Red Line)
Please comment if I put the anything wrong or needs any improvement. I'll gladly accept and consider it. Thank you.
(this is not a financial advice, trade at your own risk)
1.Price breaks below the descending triangle
2.Touch the blue line support which signifies a trend line
3.If it follows the blue trendline it is expected to touch the blue resistance;
4. If the support at 7401 price will become the resistance and will reject it, $XEM is expected to touch the next support at 2 fib. (Red Line)
Please comment if I put the anything wrong or needs any improvement. I'll gladly accept and consider it. Thank you.
(this is not a financial advice, trade at your own risk)