Key Observations:
Support Zone (Around $32.00 - $32.50):
Price has respected this zone multiple times (green arrows indicate successful bullish reactions).
EMA 50 and 200 are aligned beneath current price, acting as dynamic support (bullish signal).
Resistance / Target 1 (~$33.40 area):
Price is approaching this area again, previously acting as a resistance.
Short-term traders might consider this a partial take-profit zone.
Target 2 (~$34.40 area):
If the resistance/Target 1 zone is broken and confirmed (as the black arrow suggests), the price could rally toward Target 2.
There's room for bullish continuation based on prior momentum and structure.
📈 Technical Outlook:
Trend: Bullish (higher lows, EMA crossover)
Bias: Bullish continuation if price breaks and retests the $33.40 zone.
Risk: Rejection at resistance could push price back toward the $32.00–$32.50 support.
Support Zone (Around $32.00 - $32.50):
Price has respected this zone multiple times (green arrows indicate successful bullish reactions).
EMA 50 and 200 are aligned beneath current price, acting as dynamic support (bullish signal).
Resistance / Target 1 (~$33.40 area):
Price is approaching this area again, previously acting as a resistance.
Short-term traders might consider this a partial take-profit zone.
Target 2 (~$34.40 area):
If the resistance/Target 1 zone is broken and confirmed (as the black arrow suggests), the price could rally toward Target 2.
There's room for bullish continuation based on prior momentum and structure.
📈 Technical Outlook:
Trend: Bullish (higher lows, EMA crossover)
Bias: Bullish continuation if price breaks and retests the $33.40 zone.
Risk: Rejection at resistance could push price back toward the $32.00–$32.50 support.
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﷽ᴡᴇʟᴄᴏᴍᴇ ᴛᴏ MY CANDLE MASTER CHANNEL Join my vip channel.
t.me/Fxhenry222
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t.me/Fxhenry222
t.me/Brook0953
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.