Support Level: Identified near the $3,210.000 mark, where price previously reversed after a downtrend, indicating strong buying interest.
Resistance Level: Located around the $3,450.000 mark, where upward movement was halted, showing significant selling pressure.
Target Achieved: The chart shows a bullish breakout from the support level, followed by a rally toward the resistance zone, successfully reaching the identified "Target" marked on the chart.
Price Action: After reaching the resistance, the price experienced a pullback and is currently consolidating near $3,321.190.
Trend Insight: The chart reveals a potential reversal pattern, with buyers defending the support level and pushing the price toward a key resistance zone.
This technical setup may suggest a range-bound market between the support and resistance levels unless a breakout
Resistance Level: Located around the $3,450.000 mark, where upward movement was halted, showing significant selling pressure.
Target Achieved: The chart shows a bullish breakout from the support level, followed by a rally toward the resistance zone, successfully reaching the identified "Target" marked on the chart.
Price Action: After reaching the resistance, the price experienced a pullback and is currently consolidating near $3,321.190.
Trend Insight: The chart reveals a potential reversal pattern, with buyers defending the support level and pushing the price toward a key resistance zone.
This technical setup may suggest a range-bound market between the support and resistance levels unless a breakout
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Telegram channel Link here
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Recommended best broker Exness Partner link
t.me/+QnnqTEDwgIcxYTNk
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t.me/+QnnqTEDwgIcxYTNk
Recommended best broker Exness Partner link
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.