RARE/USDT | 4-Hour Chart Update 📉
RARE has started to move in a way that confirms the bearish scenario we mentioned. The Fibonacci 0.382 support at 0.2364 is currently playing a critical role. It should not be forgotten that if it falls below this level, the downward movement may accelerate.
Technical Indicators:
Support: The 0.2364 (Fibo 0.382) level stands out as the most important support point for now.
If the price falls below this level, a pullback to the Fibonacci 0.5 support at 0.2020 may occur.
Resistance: In a possible upward recovery, the 0.2789 level (Fibo 0.236) should be monitored as the first resistance point.
Volume: Increasing volume during the decline indicates that selling pressure is intensifying.
📊 Important Levels:
Support: 0.2364 (Fibo 0.382)
Resistance: 0.2789 and 0.3476 (Fibo Plot)
#Crypto#RARE#Binance#TechnicalAnalysis#Altcoin#Trading
RARE has started to move in a way that confirms the bearish scenario we mentioned. The Fibonacci 0.382 support at 0.2364 is currently playing a critical role. It should not be forgotten that if it falls below this level, the downward movement may accelerate.
Technical Indicators:
Support: The 0.2364 (Fibo 0.382) level stands out as the most important support point for now.
If the price falls below this level, a pullback to the Fibonacci 0.5 support at 0.2020 may occur.
Resistance: In a possible upward recovery, the 0.2789 level (Fibo 0.236) should be monitored as the first resistance point.
Volume: Increasing volume during the decline indicates that selling pressure is intensifying.
📊 Important Levels:
Support: 0.2364 (Fibo 0.382)
Resistance: 0.2789 and 0.3476 (Fibo Plot)
#Crypto#RARE#Binance#TechnicalAnalysis#Altcoin#Trading