The PI entered the declining direction. Where will buyers return?
Main support levels: $ 1.1, $ 0.90
Main resistance levels: $ 1.5, $ 1.8, $ 2
1. Destroying the downtown direction
Within the past 24 hours, PI after decreased by 20 % in a short explosion. This decrease took the price to the main support at $ 1.1. If this level does not stop from this declining direction, the price is likely to decrease less than one dollar in the future. With the absence of buyers, bears in control now.
2. Bears return to strength
After rejecting the price by the resistance at $ 1.5, sellers managed to control and managed to pay PI from $ 1.5 to $ 1.1 in two days. For this reason, RSI is now 4 hours now Oversing that can open a chance for buyers to return with major support.
3. The momentum increases the momentum
The volume shows the highest levels with sellers who dominate. This is a downward signal and the price shown quickly by falling in double numbers today. Compared to the rest of the month, the size of the sale today was one of the largest adults.
This may put a lot of pressure on the current support about $ 1.1 which can break if nothing changes. The next main support level was found at 90 cents.
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