In this Daily chart of 0x/ Euro (ZRX/EUR), there is an appreciating range from 0.235426 to 0.2887.
We can see the price depreciated to the 0.246648 level (indicated by the blue up arrow), just below the 0.247999 area, representing the 76.4% retracement of the appreciating range.
We can see the price then appreciated to the 0.264000 level (indicated by the red down arrow), just above the 0.262063 area, representing the 50% retracement of the appreciating range.
Using RSI, we can see the slope of RSI (14) changed from negative to positive on the bar with the low of 0.246648, indicating a possible trend reversal. We can also see the slope of RSI Average (3) became less negative on the same bar, also indicating a possible trend reversal.
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