hi!
Price has successfully broken the descending trendline and is now showing early signs of bullish momentum. The recent impulsive move also engulfed the last supply area, which suggests buyers are gaining short-term control.
From a market structure perspective, this looks like a potential shift from a corrective phase into a recovery phase, as long as price holds above the breakout zone.
The next key level to watch is the previous horizontal resistance, which now acts as the main upside magnet.
🎯 Target Area: 0.00000540 – 0.00000547
If price pulls back and holds above the breakout base, continuation toward the target zone becomes more likely. However, losing the breakout level would weaken the bullish scenario and could lead to consolidation again.
Price has successfully broken the descending trendline and is now showing early signs of bullish momentum. The recent impulsive move also engulfed the last supply area, which suggests buyers are gaining short-term control.
From a market structure perspective, this looks like a potential shift from a corrective phase into a recovery phase, as long as price holds above the breakout zone.
The next key level to watch is the previous horizontal resistance, which now acts as the main upside magnet.
🎯 Target Area: 0.00000540 – 0.00000547
If price pulls back and holds above the breakout base, continuation toward the target zone becomes more likely. However, losing the breakout level would weaken the bullish scenario and could lead to consolidation again.
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-----------------
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
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📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.