Support zone: ~4,680–4,700
If this breaks cleanly → downside continuation likely.
Resistance / Targets above:
4,774 → first resistance (near 200 EMA)
4,833 → stronger resistance
4,891 → major upside target (previous high area)
📊 Likely Scenarios
1. Bullish rebound (needs confirmation)
Price holds support AND breaks above the descending trendline
Then:
First move → 4,774
Continuation → 4,833 → 4,891
This would signal trend reversal attempt
2. Bearish continuation (still the dominant structure)
Price fails to break the channel and rolls over
Break below 4,680 → opens further downside
This aligns with current momentum + lower highs
⚠️ What matters most now
Reaction at trendline + 50 EMA
Whether buyers can defend the support zone again
A clean breakout vs rejection at ~4,740–4,770 area
Bottom line
Right now, this isn’t a clean buy yet. It’s more like:
“Wait for confirmation” if bullish
“Trend-follow short bias” if resistance holds
If this breaks cleanly → downside continuation likely.
Resistance / Targets above:
4,774 → first resistance (near 200 EMA)
4,833 → stronger resistance
4,891 → major upside target (previous high area)
📊 Likely Scenarios
1. Bullish rebound (needs confirmation)
Price holds support AND breaks above the descending trendline
Then:
First move → 4,774
Continuation → 4,833 → 4,891
This would signal trend reversal attempt
2. Bearish continuation (still the dominant structure)
Price fails to break the channel and rolls over
Break below 4,680 → opens further downside
This aligns with current momentum + lower highs
⚠️ What matters most now
Reaction at trendline + 50 EMA
Whether buyers can defend the support zone again
A clean breakout vs rejection at ~4,740–4,770 area
Bottom line
Right now, this isn’t a clean buy yet. It’s more like:
“Wait for confirmation” if bullish
“Trend-follow short bias” if resistance holds
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.