Price broke away from the ranging area of 47500 - 52500. It had a sharp turn at level 34600 making it a demand area at 40000.
Then a demand Low was finally formed at 48000 turning that area range into a demand zone that has an in-demand support line for the HL at 52000.
The current Low's unit value is the RSI 56.22.
Bias 65860.51
Next potential resistance is 62003.08
The open price is 60000
K.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Then a demand Low was finally formed at 48000 turning that area range into a demand zone that has an in-demand support line for the HL at 52000.
The current Low's unit value is the RSI 56.22.
Bias 65860.51
Next potential resistance is 62003.08
The open price is 60000
K.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Note
:)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.