QNT price is trading below the Fibonacci pivot point of $79.50. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $78.6, $77.65, and $75.70 respectively.
On the upside, if ALGO breaks the resistance level of $0.92, then we can expect a strong up movement in the price. It will highlight the next resistance level of $1.09.Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price upswing is likely to continue tomorrow as well.
XDC has tested and fallen below the Fibonacci pivot point of $0.12. As the majority of the oscillators have shown bearish signals, we can expect the price to fall and test the first Fibonacci pivot support level of $0.085 soon.However, if the price breaks the FIB resistance level of $0.12. It will be ready to make new highs. Traders can take a long position accordingly.
SNX price is below the second Fibonacci pivot point of $12.70. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $9.34, $7.90, and $6.50 respectively.The chances of, price breaking the support level are less. Therefore, if the price breaks out from the resistance level of $12.70. Then, it will highlight the next resistance at $15.10.
BNB is below the pivot point of $323.30. As the indicators are predicting bearish signals, we can expect the price to fall and test the first Fibonacci pivot support level of $285.36 soon. Once the price breaks down from the support zone, traders can go short with a target of $259.25. Traders can also try to scalp between these levels.
We can expect a retest at this ADA pivot level, however, if the selling pressure remains the same, the price might break the support to fall more. Here, an opportunity for a short position arises.The price has tested and fallen from the FIB retracement level of $1.38. If the price rises above this FIB extension level in some time, this implies that the price uptrend is strong. In that case, the price upswing is likely to continue tomorrow as well. Then, traders can go long.
CHZ has tested and fallen below the Fibonacci pivot point of $0.30. As the indicators have shown bullish signals, we can expect the price to rise, and test the first Fibonacci pivot resistance level of $0.36 soon. Traders can go long from this position by keeping a stop loss at $0.22. The price has tested and made the support level at FIB retracement level of $0.22. If the price falls below the 23.5% FIB extension level of $0.22 in some time, this implies that the price downtrend is strong. In that case, traders can go short with a target of $0.16 and keep a stop loss at $0.30.
