Groupon recently reversed up sharply from the long-term support area lying between the strong support level 2.12 (which stopped the sharp downtrend at the start of 2016) and the lower weekly Bollinger Band.
The upward reversal from this support area stopped the previous short-term impulse wave (iii).
Groupon is likely to rise further toward the next resistance level 2.60 (former support from October).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies