🕰 Weekly View
Price is pushing away from major support at 1.14–1.15 and climbing into the 1.18–1.20 resistance zone. Weekly structure still favors upside momentum while support holds.
📉 Daily Structure
Resistance: 1.18–1.20 strong supply.
Support: 1.16–1.17 demand, with deeper discount demand sitting at 1.15–1.16.
Daily price action shows liquidity being swept both sides before a push higher.
⏱ 8H Breakdown
Price is reacting from unmitigated demand around 1.16–1.17. A wedge breakout is sending price toward resistance at 1.18–1.20. If rejected, look for retrace back into discount demand (1.15–1.16) before continuation.
🔎 Outlook
Scenario 1 → Sweep into 1.18–1.20 supply → retrace back into 1.15–1.16 discount demand → continuation higher.
Scenario 2 → Clean breakout above 1.20 accelerates toward 1.22+.
Bias: Short-term reaction lower possible → mid-term bullish continuation.
Price is pushing away from major support at 1.14–1.15 and climbing into the 1.18–1.20 resistance zone. Weekly structure still favors upside momentum while support holds.
📉 Daily Structure
Resistance: 1.18–1.20 strong supply.
Support: 1.16–1.17 demand, with deeper discount demand sitting at 1.15–1.16.
Daily price action shows liquidity being swept both sides before a push higher.
⏱ 8H Breakdown
Price is reacting from unmitigated demand around 1.16–1.17. A wedge breakout is sending price toward resistance at 1.18–1.20. If rejected, look for retrace back into discount demand (1.15–1.16) before continuation.
🔎 Outlook
Scenario 1 → Sweep into 1.18–1.20 supply → retrace back into 1.15–1.16 discount demand → continuation higher.
Scenario 2 → Clean breakout above 1.20 accelerates toward 1.22+.
Bias: Short-term reaction lower possible → mid-term bullish continuation.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.