NG Sideways Zone
After a significant rise as a result of war, price has approached to the resistance level at 5.000 which has pushed the price for several times in the past.
Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area.
We should wait for the breakout on the resistance or support level first, then in the case of a candle closure above or below the broken level, we can expect a move towards the target.
Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area.
We should wait for the breakout on the resistance or support level first, then in the case of a candle closure above or below the broken level, we can expect a move towards the target.
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