Title: Coffee C Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 154.30
Pivot: 164.00
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.
Alternative scenario: Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 154.30
Pivot: 164.00
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.
Alternative scenario: Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.