Resistance Levels:
31,810 - 50% retracement of the range since the decline on March 28, 2022
32,388 - Inverted Head and Shoulders (IH&S) target
32,503 - High reached on May 30, 2022; liquidity above this level
33,454 - DeMark Resistance
Support Levels:
23,800 - 
25,500 - The base of the Right Shoulder & Head (RH&SH) formation
$23875 - DeMark Support
Indicator Analysis:
Moonhub Index - Slightly bullish
RSI - Bullish
Hurst Channel - Bullish
Game Plan:
Considering the bullish indicators and the proximity to a significant resistance zone, we believe that it is essential to break above the32,503 level and take the liquidity available there. Once this has been achieved, we can then target the liquidity in the 
18,000 - 
20,000 range.
This strategic approach, based on key market indicators and technical levels, will allow us to capitalize on potential opportunities and navigate through the resistance and support zones effectively. As a seasoned trader, I always emphasize the importance of understanding the market landscape and developing a game plan that adapts to the market's ever-changing conditions.
31,810 - 50% retracement of the range since the decline on March 28, 202232,388 - Inverted Head and Shoulders (IH&S) target32,503 - High reached on May 30, 2022; liquidity above this level33,454 - DeMark ResistanceSupport Levels:
23,800 - 25,500 - The base of the Right Shoulder & Head (RH&SH) formation$23875 - DeMark Support
Indicator Analysis:
Moonhub Index - Slightly bullish
RSI - Bullish
Hurst Channel - Bullish
Game Plan:
Considering the bullish indicators and the proximity to a significant resistance zone, we believe that it is essential to break above the
32,503 level and take the liquidity available there. Once this has been achieved, we can then target the liquidity in the 18,000 - 20,000 range.This strategic approach, based on key market indicators and technical levels, will allow us to capitalize on potential opportunities and navigate through the resistance and support zones effectively. As a seasoned trader, I always emphasize the importance of understanding the market landscape and developing a game plan that adapts to the market's ever-changing conditions.
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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.
Welcome to moonhub.io
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.