• Ebay reversed from resistance level 47.50
• Likely to fall to support level 42.50
Ebay recently reversed down from the key resistance level 47.50 (which has been reversing the price from August), coinciding with the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from April.
The downward reversal from the resistance level 47.50 stopped the previous short-term corrective wave (ii).
Given the clear daily downtrend, Ebay can be expected to fall further in the active impulse wave (iii) toward the next support level 42.50.
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…
- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
The number of operating oil rigs in the US fell by 7 to 499. This…
Market picture Crypto market capitalisation has been up 2% over the past seven days and…
This website uses cookies