1. Current Trend: The price has surged sharply, breaking previous resistance levels and reaching approximately $3,112.455.
2. Resistance Level: The price has hit a strong resistance zone (marked with a green horizontal line), where some rejection is visible.
3. Potential Reversal: The blue arrow suggests a possible pullback after reaching resistance. This could indicate a correction before another push higher.
4. Support Zone: The key support area is around $3,088 - $3,077, where buyers may step in if the price retraces.
5. Forecast:
If price sustains above $3,112, it could continue its bullish momentum toward new highs.
A rejection at this resistance may cause a pullback to $3,088 - $3,077, and if broken, further downside potential exists.
2. Resistance Level: The price has hit a strong resistance zone (marked with a green horizontal line), where some rejection is visible.
3. Potential Reversal: The blue arrow suggests a possible pullback after reaching resistance. This could indicate a correction before another push higher.
4. Support Zone: The key support area is around $3,088 - $3,077, where buyers may step in if the price retraces.
5. Forecast:
If price sustains above $3,112, it could continue its bullish momentum toward new highs.
A rejection at this resistance may cause a pullback to $3,088 - $3,077, and if broken, further downside potential exists.
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.