📊 Market Structure
The chart shows a symmetrical triangle (yellow lines) from which a breakout occurred upwards—a classic signal of a continuing uptrend.
The price has broken above resistance at ~$1,210, which now acts as local support.
Current price: ~$1,226, following a dynamic breakout from the triangle.
📈 Key Levels
Support:
$1,210 — Retest after the breakout (important defensive level for bulls)
$1,193 — Previous local support in the triangle
$1,170 — Stronger support and lower boundary of the previous consolidation
Resistance:
$1,239 — Local resistance that has already been tested
$1,260–$1,265 — Next target upon breakout (equal movement or measuring the height of the triangle)
$1,300 — Psychological and technical resistance level
📊 Volume
The breakout was confirmed by a significant increase in volume, lending it credibility.
No sharp drop in volume after the breakout — the market remains in demand.
⚙️ MACD
The MACD is above the signal line and rising, confirming a bullish impulse.
The histogram is positive, but not excessively broad → momentum is healthy, but not overheated.
💪 RSI
RSI: ~75, which is slightly in the overbought zone.
It's worth watching for a short-term correction or retest of the $1,210 level before the uptrend becomes more established.
The chart shows a symmetrical triangle (yellow lines) from which a breakout occurred upwards—a classic signal of a continuing uptrend.
The price has broken above resistance at ~$1,210, which now acts as local support.
Current price: ~$1,226, following a dynamic breakout from the triangle.
📈 Key Levels
Support:
$1,210 — Retest after the breakout (important defensive level for bulls)
$1,193 — Previous local support in the triangle
$1,170 — Stronger support and lower boundary of the previous consolidation
Resistance:
$1,239 — Local resistance that has already been tested
$1,260–$1,265 — Next target upon breakout (equal movement or measuring the height of the triangle)
$1,300 — Psychological and technical resistance level
📊 Volume
The breakout was confirmed by a significant increase in volume, lending it credibility.
No sharp drop in volume after the breakout — the market remains in demand.
⚙️ MACD
The MACD is above the signal line and rising, confirming a bullish impulse.
The histogram is positive, but not excessively broad → momentum is healthy, but not overheated.
💪 RSI
RSI: ~75, which is slightly in the overbought zone.
It's worth watching for a short-term correction or retest of the $1,210 level before the uptrend becomes more established.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.