The price was in a downward trend, moving within a descending channel. A breakout from this channel indicates potential trend reversal or correction.
Consolidation Zone Identified:
The price is currently in a consolidation phase (marked in orange).
A breakout above this zone could confirm bullish momentum, while rejection could push it lower.
Key Resistance Levels for Upside Targets:
If the price breaks above the consolidation zone, it could rally toward 71.246 and 72.103 as potential resistance levels.
Green arrows indicate bullish breakout targets.
Key Support Levels for Bearish Move:
If the price fails to break above the consolidation zone, A further breakdown below this support level could push the price toward 68.400 and 66.888, the next major support.
Conclusion:
The next major move will depend on how price reacts to the consolidation zone. A breakout above could lead to bullish targets, while failure could send prices lower toward the next major support. Traders should watch for confirmation before entering trades. 🚀📉
Consolidation Zone Identified:
The price is currently in a consolidation phase (marked in orange).
A breakout above this zone could confirm bullish momentum, while rejection could push it lower.
Key Resistance Levels for Upside Targets:
If the price breaks above the consolidation zone, it could rally toward 71.246 and 72.103 as potential resistance levels.
Green arrows indicate bullish breakout targets.
Key Support Levels for Bearish Move:
If the price fails to break above the consolidation zone, A further breakdown below this support level could push the price toward 68.400 and 66.888, the next major support.
Conclusion:
The next major move will depend on how price reacts to the consolidation zone. A breakout above could lead to bullish targets, while failure could send prices lower toward the next major support. Traders should watch for confirmation before entering trades. 🚀📉
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Trading ditutup: target tercapai
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.