Type:
Bearish Drop

Key Levels:
Resistance:
21.18
Pivot:
21.18
Support:
19.30

Preferred Case:
Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is.

Alternative Scenario:
Price may head back up towards the resistance at 21.18, where the 5previous swing high is.

Fundamentals:
There are no major news.