1 mins read
Ebay: ⬇️ Sell
– Ebay reversed from long-term resistance level 80.00
– Likely to fall to support level 71.15
Ebay recently reversed down from the resistance area between the major long-term resistance level 80.00 (which started the weekly downtrend in 2021) and the upper weekly Bollinger Band.
The downward reversal from this resistance area created the weekly Japanese candlesticks reversal pattern Shooting Star.
Given the strength of the resistance level 80.00 and the overbought weekly Stochastic, Ebay can be expected to fall to the next support level 71.15 (former resistance from the start of 2025).
Source: https://fxpro.news
