Trend Analysis
Primary Trend: 📉 Downtrend (recently broken)
The chart shows a clear downward trend with lower highs and lower lows, confirmed by the yellow descending trendline.
Recently, the price broke above the trendline, which could signal a potential trend reversal or consolidation phase.
Current Trend: đź“Š Sideways/Range-bound
After the breakout, the price is now consolidating near a resistance level.
If the price sustains above the resistance, it could shift into an uptrend; otherwise, it might retest lower levels.
Support and Resistance Levels
Resistance (Supply Zones):
22,959 (Yellow Line) → Price is facing resistance here, as indicated by multiple rejections.
23,200 Zone (Upper Yellow Area) → Next potential resistance if the price breaks above the current level.
Support (Demand Zones):
22,725-22,785 (Brown Zone) → A demand zone where buyers previously stepped in.
22,600 Zone (Purple Trendline) → Long-term support based on the lower trendline.
Key Levels to Watch:
Breakout above 22,959 → Potential upside towards 23,200.
Rejection at 22,959 → Possible retest of the demand zone at 22,725.
Primary Trend: 📉 Downtrend (recently broken)
The chart shows a clear downward trend with lower highs and lower lows, confirmed by the yellow descending trendline.
Recently, the price broke above the trendline, which could signal a potential trend reversal or consolidation phase.
Current Trend: đź“Š Sideways/Range-bound
After the breakout, the price is now consolidating near a resistance level.
If the price sustains above the resistance, it could shift into an uptrend; otherwise, it might retest lower levels.
Support and Resistance Levels
Resistance (Supply Zones):
22,959 (Yellow Line) → Price is facing resistance here, as indicated by multiple rejections.
23,200 Zone (Upper Yellow Area) → Next potential resistance if the price breaks above the current level.
Support (Demand Zones):
22,725-22,785 (Brown Zone) → A demand zone where buyers previously stepped in.
22,600 Zone (Purple Trendline) → Long-term support based on the lower trendline.
Key Levels to Watch:
Breakout above 22,959 → Potential upside towards 23,200.
Rejection at 22,959 → Possible retest of the demand zone at 22,725.
Declinazione di responsabilitĂ
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 responsabilitĂ
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.