1. Trend Overview (Multi-Timeframe Analysis)
Daily (D): Bullish
4H: Bullish
1H: Bullish
15M and 5M: Bearish
🔍 This shows strong upward momentum on higher timeframes, with only a minor intraday pullback or consolidation.
2. Price Action
Current Price: $3,387.50
Recent High: $3,438.16 (marked as resistance)
Immediate Support: $3,360.20
Consolidation Range: Between $3,360.20 (support) and ~$3,390–$3,400 (resistance zone)
📊 Price appears to be consolidating near highs after a strong uptrend — typical bullish flag or pause before breakout behavior.
3. Key Support & Resistance Levels
Level (USD) Type Implication
3438.16 Resistance Key short-term high
3387.50 Price Current consolidation level
3360.20 Support Immediate and strong support
3330.12 / 3319.82 Support Zone Ideal pullback entry for buyers
3269.27 Support Deeper correction support
3222.94 / 3201.96 Support Zone Strong base zone from earlier trend
4. Market Structure
The chart shows a clear higher high and higher low structure.
A bullish breakout occurred from the base near $3,220–$3,270.
The rally paused near $3,438 and is now consolidating just below.
5. Candlestick Pattern Insight
Several small-bodied candles near current levels indicate indecision — a range-bound market likely awaiting a catalyst.
A breakout above $3,400 could trigger continuation toward or above $3,438.
6. Market Sentiment
✅ Bullish Bias overall.
❗ But caution in short term (15M/5M bearish) — could dip toward $3,360 or $3,330 before next leg up.
Trade Setup Idea (Hypothetical)
Bullish Scenario:
Entry: On breakout above $3,400
Stop-loss: Below $3,360
Targets: $3,438 → $3,460+
Pullback Buy:
Entry: $3,330–$3,320
Stop-loss: $3,300
Target: $3,390–$3,430
Daily (D): Bullish
4H: Bullish
1H: Bullish
15M and 5M: Bearish
🔍 This shows strong upward momentum on higher timeframes, with only a minor intraday pullback or consolidation.
2. Price Action
Current Price: $3,387.50
Recent High: $3,438.16 (marked as resistance)
Immediate Support: $3,360.20
Consolidation Range: Between $3,360.20 (support) and ~$3,390–$3,400 (resistance zone)
📊 Price appears to be consolidating near highs after a strong uptrend — typical bullish flag or pause before breakout behavior.
3. Key Support & Resistance Levels
Level (USD) Type Implication
3438.16 Resistance Key short-term high
3387.50 Price Current consolidation level
3360.20 Support Immediate and strong support
3330.12 / 3319.82 Support Zone Ideal pullback entry for buyers
3269.27 Support Deeper correction support
3222.94 / 3201.96 Support Zone Strong base zone from earlier trend
4. Market Structure
The chart shows a clear higher high and higher low structure.
A bullish breakout occurred from the base near $3,220–$3,270.
The rally paused near $3,438 and is now consolidating just below.
5. Candlestick Pattern Insight
Several small-bodied candles near current levels indicate indecision — a range-bound market likely awaiting a catalyst.
A breakout above $3,400 could trigger continuation toward or above $3,438.
6. Market Sentiment
✅ Bullish Bias overall.
❗ But caution in short term (15M/5M bearish) — could dip toward $3,360 or $3,330 before next leg up.
Trade Setup Idea (Hypothetical)
Bullish Scenario:
Entry: On breakout above $3,400
Stop-loss: Below $3,360
Targets: $3,438 → $3,460+
Pullback Buy:
Entry: $3,330–$3,320
Stop-loss: $3,300
Target: $3,390–$3,430
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.