economic calendar<\/a>. <\/b><\/p>\n<\/div>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] Failed Breakdown on Rally Above $4.07 It is possible that today\u2019s breakdown fails and instead support is retained, leading a rally. A decisive breakout above today\u2019s high of $4.07 would provide a sign of strength that could lead to higher prices. Subsequently, Tuesday\u2019s high at $4.19 would need to be exceeded for additional bullish confirmation. There is a price range of potentially significant resistance around the two most recent swing highs from $4.37 to $4.48. Deeper Retracement More Likely Nonetheless, given today\u2019s bearish signal, the more likely scenario to play out is a deeper bearish pullback. Although there is an interim potential support zone around the 50% retracement at $3.73, it also begins a range of potential support going down to a weekly low at $3.55. Both the 20-Day and 50-Day MAs are rising and may converge with the 50% zone prior to it being tested as support. If that happens it may provide a more significant support area given the convergence of several indicators. Further, the 20-Day MA is poised to cross above the 50-Day line, providing another sign of strength. Since the 50-Day MA covers a larger trend than the 20-Day line, it is given priority. It is also interesting to note that on the weekly chart (not shown) support for this week is around the 200-Week MA, now at $3.92. The low for the week is today\u2019s low at $3.88. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":36973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-36972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/36972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=36972"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/36972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/36973"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=36972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=36972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=36972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}