The price has rebounded after touching the support zone and the lower boundary of the ascending channel, signaling a potential bullish continuation. Currently, it is approaching the 152.65 level, which acts as an immediate resistance. A breakout above this level could confirm further bullish momentum, targeting the next key resistance at 155.14. On the bearish side, a decisive breakdown below the 151.45 support and the channel structure would invalidate the bullish scenario, potentially leading to further declines.
Trade active
The price initially reached the first target of 153.922 but faced resistance and reversed. This indicates that sellers were active at this level, causing a temporary pullback. However, if buying momentum resumes, the price is likely to attempt another breakout above 153.922. A successful breakout with strong bullish pressure could lead to the next target of 155.144.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.