A break of the previous resistance point at 47.17 supports the price's rise to a higher level as it happened and rose the previous time. A buy entry from the current price
The entire procession continues inside this canal downwards after rebounding from the top of the canal, otherwise it is broken and ascending
A bounce from a previous support point that pushes the price to the descending trend line, and it is suggested to bounce from it and return to the downside
The price has reached a strong resistance area with the collision of the upper channel border weakens the trend and this is what the RSI indicator supports, and we turn to the downside and selling.
Strength to the upside after breaking the bearish trend and this ascend was strengthened by breaching a previous support point with a strong positive candle. I recommend buying with two targets.
The price is running parallel with the new uptrend line and the possibility of a slight bounce from 120.73 level and completing the path towards the target
Breaking the descending channel with the breach of the last peak allows the price to rise to higher levels, provided that it breaks 42.46 to reach 45.24 and 47.94. This is otherwise expected, a return to 39.84 and from it to 38.20 and a return to the drop.
It is not possible to be optimistic about the price reaching the next support area, it may enable it to reach higher levels or it is a re-test for the rising trend line.
We notice that the price is stable above this support in the process of exchanging roles and the formation of a new minor ascending trend line indicating the strength of that level.
The price rebound from the previous support level at 19.83 indicates the extent of the price stability above this level and enables it to go far to higher levels for buying
The price breaks through the descending wedge it is walking by, and breaking the descending trend drawn from the top reinforces the price's rise again to levels in a liberated manner.
The price is moving in a narrow range, the momentum is strengthened in the following candles, supported by the crossover of the MACD lines and the volume shift for buying supports the upside as expected
With the price reaching a strong support area and the saturation of the RSI indicator with price action and strength in volume, breaking this support allows the price to reach the top of the channel to form a new peak.
The price approaching a previous resistance area parallel to the saturation of the RSI indicator gives weakness to the upside and the probability of a rebound increases
The price attempt to break the previous support level and bounce from it to the trend line while continuing with the trend line without descending from it may give strength to the price's quest to rise to higher levels.