Dear Traders,
Date: July 16, 2025
📉 Overview:
The chart shows price action at a key confluence zone:
The long-term ascending trendline (black) still holds as strong support.
The blue demand zone aligns with the trendline and the bottom of the descending channel.
A downward-sloping channel indicates short-term bearish correction.
🔍 Likely Scenarios:
A short-term pullback to the 3310–3320 support zone (confluence of trendline and demand).
If this support holds, we may see a bullish rebound toward 3375 and a potential breakout above the channel (toward 3380+).
If the support fails, further downside toward 3280 is possible.
📌 Conclusion: The 3310–3320 zone is critical. Watch for price action signals in this area to decide on long or short positions.
Regards,
Alireza!
Date: July 16, 2025
📉 Overview:
The chart shows price action at a key confluence zone:
The long-term ascending trendline (black) still holds as strong support.
The blue demand zone aligns with the trendline and the bottom of the descending channel.
A downward-sloping channel indicates short-term bearish correction.
🔍 Likely Scenarios:
A short-term pullback to the 3310–3320 support zone (confluence of trendline and demand).
If this support holds, we may see a bullish rebound toward 3375 and a potential breakout above the channel (toward 3380+).
If the support fails, further downside toward 3280 is possible.
📌 Conclusion: The 3310–3320 zone is critical. Watch for price action signals in this area to decide on long or short positions.
Regards,
Alireza!
💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL: : t.me/Alirezaktrade
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.
💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL: : t.me/Alirezaktrade
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.