Price is currently testing the 40,770 🔼 resistance zone after a strong bullish push. This level has previously acted as a key ceiling and could determine the next directional move. Price has been climbing steadily with higher lows, indicating bullish momentum.
Support at: 40,194 🔽, 39,070 🔽, 36,800 🔽
Resistance at: 40,770 🔼, 41,552 🔼, 42,540 🔼
Bias:
🔼 Bullish: A clean breakout and hold above 40,770 could open the path to 41,552 and 42,540.
🔽 Bearish: Rejection at 40,770 or a drop below 40,194 could signal weakness and send price back to 39,070.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 40,194 🔽, 39,070 🔽, 36,800 🔽
Resistance at: 40,770 🔼, 41,552 🔼, 42,540 🔼
Bias:
🔼 Bullish: A clean breakout and hold above 40,770 could open the path to 41,552 and 42,540.
🔽 Bearish: Rejection at 40,770 or a drop below 40,194 could signal weakness and send price back to 39,070.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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.
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.