Price respected the Strong Demand Zones at 3350 & 3340, showing clear signs of buyer strength. After forming a falling wedge pattern, a bullish breakout was observed — confirming potential upside momentum.
Zone Analysis
3350 Zone: Minor support confirmed with consolidation
3340 Zone: Stronger support with buying pressure visible
Current Price: 3362
First Target: 3380
Second Target: 3399
A clean move above the wedge resistance is now playing out, and as long as price holds above 3350, bullish momentum remains valid.
Monitoring price action around 3380 for partials, and watching for clean sweep into 3399
Zone Analysis
3350 Zone: Minor support confirmed with consolidation
3340 Zone: Stronger support with buying pressure visible
Current Price: 3362
First Target: 3380
Second Target: 3399
A clean move above the wedge resistance is now playing out, and as long as price holds above 3350, bullish momentum remains valid.
Monitoring price action around 3380 for partials, and watching for clean sweep into 3399
Teligram channels t.me/+YqY_7wdMhc01NjI0
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.
Teligram channels t.me/+YqY_7wdMhc01NjI0
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.