A downward trend line indicates resistance; the price is struggling to move above this line.
The green line at around 78,000 to 79,000 USDT is a crucial support level, providing a base for the price movement.
Recent fluctuations: The price shows a recent bounce, indicating a potential bullish reversal if it breaks the trend line.
Future forecast: The upward arrow indicates a bullish outlook; if the upward movement continues, then targets around 102,500 to 110,000 USDT can possibly be set.
If you have specific questions or need further analysis on certain aspects, feel free to ask!
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
The green line at around 78,000 to 79,000 USDT is a crucial support level, providing a base for the price movement.
Recent fluctuations: The price shows a recent bounce, indicating a potential bullish reversal if it breaks the trend line.
Future forecast: The upward arrow indicates a bullish outlook; if the upward movement continues, then targets around 102,500 to 110,000 USDT can possibly be set.
If you have specific questions or need further analysis on certain aspects, feel free to ask!
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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Related publications
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.