Trend: The price is forming an ascending channel (orange lines), which is generally a bullish sign.
Support: The green zone around 2.30 is a strong support level to keep an eye on.
Resistance: The resistance at 5.60–7.00 is a critical point. A breakout above this level could signal significant upside potential.
Volume: Volume is low and needs to pick up for a clear trend direction to emerge.
Price Action: Look for a retest of the green support. If it holds, the price may push upwards towards 5.60–7.00. Otherwise, a breakdown below 2.30 could indicate a reversal.
Support: The green zone around 2.30 is a strong support level to keep an eye on.
Resistance: The resistance at 5.60–7.00 is a critical point. A breakout above this level could signal significant upside potential.
Volume: Volume is low and needs to pick up for a clear trend direction to emerge.
Price Action: Look for a retest of the green support. If it holds, the price may push upwards towards 5.60–7.00. Otherwise, a breakdown below 2.30 could indicate a reversal.
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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.