newdigital

D1 price is located above 100 day SMA (100 SMA) and 200 day SMA (200 SMA) for the ranging within the following key reversal support/resistance levels:

• 16.02 resistance level located above 100 SMA/200 SMA in the primary bullish area of the daily chart, and
• 14.00 support psy level located near 100 SMA on the border between the primary bearish and the primary bullish trend.

Ascending/bullish triangle pattern was formed by the price to be crossed for the bullish trend to be continuing, and RSI indicator is estimating the ranging bullish condition by direction.

• If the price will break 16.02 resistance level so the primary bullish trend will be continuing.
• If price will break 14.00 support so the reversal of the price movement from the primary bullish to the primary bearish trend will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
16.02	14.48
N/A	14.00

• Recommendation to go short: watch the price to break 14.00 support level for possible sell trade
• Recommendation to go long: watch the price to break 16.02 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bullish