My previous analysis back on Nov 2024 hit its' target support around 3.70 and is currently proving to be a good support. Assuming this holds for the next few days, I would expect this to traverse within this falling wedge and should compress along. If it this upward and confirms, I'd expect resistance around5.54. If it continues, should have another resistance around 7.00.
I would watch to see what the indicators reveal as this progresses. But as it stands today, it may have found the floor.
I would watch to see what the indicators reveal as this progresses. But as it stands today, it may have found the floor.
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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.