The price is currently trading near the last resistance high at 2,789, moving within an ascending channel, indicating an overall bullish structure. The market has maintained a dominant bullish trend after breaking out of the previous consolidation zone and forming a series of higher highs and higher lows.
As the price approaches resistance, a short-term correction is likely. If the price fails to break 2,789, it may experience a pullback towards the support zone at 2,750 – 2,731 before regaining bullish momentum. A successful rebound from this area could provide confirmation for another bullish rally targeting the new high at 2,810.
On the other hand, if the price breaks below 2,750 – 2,731, bearish momentum may take control, pushing the price toward the next key levels at 2,699 and 2,665. This would mark a shift in sentiment, leading to a deeper correction.
As the price approaches resistance, a short-term correction is likely. If the price fails to break 2,789, it may experience a pullback towards the support zone at 2,750 – 2,731 before regaining bullish momentum. A successful rebound from this area could provide confirmation for another bullish rally targeting the new high at 2,810.
On the other hand, if the price breaks below 2,750 – 2,731, bearish momentum may take control, pushing the price toward the next key levels at 2,699 and 2,665. This would mark a shift in sentiment, leading to a deeper correction.
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.