Charisma has broken 2 critical support level at 0.055 over the past 2 days. This support level corresponds with the channel support upward sloping line and also the 200 DAY MA LINE. (This can be a bearish signal to note). 0.055 horizontal support level also is the neckline for the Bearish head and shoulder pattern which has been broken down. Yesterday we have also seen it pull further away down from 0.055 reaching a low of 0.048. Likely to consolidate from 0.048 to 0.055 for the next few days in wait of new direction. Those looking to catch a rebound can consider accumulating near 0.048 support with strict stop loss 3 bids below. A breakdown of 0.048 support can see it trade to 0.040 where CFD SELL POSITIONS can be executed to trade the downside.
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