Breakout: 3,167 was last ATH, a significant level to watch. A sustained break above this level could lead to further upside. And we closed at 3176. broked above 3167 with strong momentum, and could signal a continuation of the uptrend, potentially leading to new highs (3,200 or beyond). Looking to levels 3190-3200 or 3214-3225. Worst scenario will be 1.65 projection with price at 3300-3305. On last correction when we done last low at 2956 we projected to 1.23/1.27, and if will happen the same now, 1.23/1.27 is at 3214-3225. Bullish trend still intact and if we reject on psycological 3200 level we can reject to 3134 and after above 3200 or we can correct 50% to 3082 and after above 3200. In case 3080 not hold we can go lower to WO 3030.80 .
Supports: 3,120 - 3,130, 3,050 - 3,060, 3,000 (psychological), 2,950 - 2,970.
Resistances: 3,175 - 3,175.345 (ATH), 3,200 (psychological), 3,250.
Key Levels: 3,175 (current price/ATH), 3,100 (minor pivot).
Reversal Points: Bullish at 3,120 - 3,130 or 3,050 - 3,060; bearish at 3,175 or 3200 or 3214-3225
On my opinion we must correct before 3200 even if we will broke it after for upside. So at 3176 - 3195 area we can correct to 3120-3134 area or 3080 - 3100 area before new ATH
Supports: 3,120 - 3,130, 3,050 - 3,060, 3,000 (psychological), 2,950 - 2,970.
Resistances: 3,175 - 3,175.345 (ATH), 3,200 (psychological), 3,250.
Key Levels: 3,175 (current price/ATH), 3,100 (minor pivot).
Reversal Points: Bullish at 3,120 - 3,130 or 3,050 - 3,060; bearish at 3,175 or 3200 or 3214-3225
On my opinion we must correct before 3200 even if we will broke it after for upside. So at 3176 - 3195 area we can correct to 3120-3134 area or 3080 - 3100 area before new ATH
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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.