Current picture and structure
The instrument is trading in a narrow range of $3,360-3,375, demonstrating low volatility - ADX is at the low of 2025, which confirms consolidation
The price is held inside a long-term ascending channel, with an increase of about 27% since the beginning of 2024
Indicators and signals
RSI (14): around 58-59, indicates moderate overbought, but remains in the bullish momentum zone
Stochastic (%K ~61%) and MACD (value ~3.8): Buy signals - short-term upward momentum is confirmed
ADX (14): around 23-24 - range, weak trend without a clear direction
Moving averages on different timeframes give a common signal indicator "Strong Buy" in daily and weekly frames
Support and resistance levels
Key support:
$3,360 — current lower stop range
$3,330–3,293 — swing low zone, critical for short-term sales
Main resistance:
$3,400–3,415 — profit acceptance zone and possible reversal pressure
$3,450 — psychological and technical barrier upon breakout of current zone
The instrument is trading in a narrow range of $3,360-3,375, demonstrating low volatility - ADX is at the low of 2025, which confirms consolidation
The price is held inside a long-term ascending channel, with an increase of about 27% since the beginning of 2024
Indicators and signals
RSI (14): around 58-59, indicates moderate overbought, but remains in the bullish momentum zone
Stochastic (%K ~61%) and MACD (value ~3.8): Buy signals - short-term upward momentum is confirmed
ADX (14): around 23-24 - range, weak trend without a clear direction
Moving averages on different timeframes give a common signal indicator "Strong Buy" in daily and weekly frames
Support and resistance levels
Key support:
$3,360 — current lower stop range
$3,330–3,293 — swing low zone, critical for short-term sales
Main resistance:
$3,400–3,415 — profit acceptance zone and possible reversal pressure
$3,450 — psychological and technical barrier upon breakout of current zone
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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.