1. Monthly Timeframe
Bullish - Charts are in great shape
Bullish Candle closed near highs- November 2022
Made new high this month( Dec 2022)
Monthly Support @ 38300-39100
Good as long, as the price sustains above support levels :)
2. Weekly Timeframe
Shooting star candle is on an all-time high.
Weakness is expected in the coming week.
Swing Trades - Sell on Rise.
Support @ 40300- 40800.
Volatility may increase.
Expecting both side swings.
Week high would act as resistance - 44151.
3. Daily Timeframe
Gap Down indecisive candle at support
Might see Gap up or gap down opening on Monday
Immediate support at 42940-43100
Further support at 42200- 42450
4. Hourly Timeframe
Sell-off, followed by a pause near the support area.
Selling - Near Resistance or below support
Precise levels for swing and intraday traders
Immediate resistance at 43500
Further resistance at 43884- 43893
Disclaimer: Only for educational purpose
Bullish - Charts are in great shape
Bullish Candle closed near highs- November 2022
Made new high this month( Dec 2022)
Monthly Support @ 38300-39100
Good as long, as the price sustains above support levels :)
2. Weekly Timeframe
Shooting star candle is on an all-time high.
Weakness is expected in the coming week.
Swing Trades - Sell on Rise.
Support @ 40300- 40800.
Volatility may increase.
Expecting both side swings.
Week high would act as resistance - 44151.
3. Daily Timeframe
Gap Down indecisive candle at support
Might see Gap up or gap down opening on Monday
Immediate support at 42940-43100
Further support at 42200- 42450
4. Hourly Timeframe
Sell-off, followed by a pause near the support area.
Selling - Near Resistance or below support
Precise levels for swing and intraday traders
Immediate resistance at 43500
Further resistance at 43884- 43893
Disclaimer: Only for educational purpose
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.