In the current chart, R1 and R2 are the resistance areas which contain the unsuccessful attempts of the price to rise. And at the bottom, S2 and S1 represent the support areas including the support of price at different points. Thus, the price could be supported at S2 area and in a rising trend, it broke S1 upward and now we see its fluctuation above this area. We predict it to give us two options. Either by receiving some rising signs, more increase would happen for it toward R1 and higher than that. Or possibly the price would lose the support at its current point and a decline to lower amounts is probable then. So if the price gives us some falling signs and falls below S1, definitely a decline will take place down to S2. We highly recommend you to obtain every piece of information and idea through our analyses for receiving more profitable trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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