After a strong bearish channel that lasted several weeks, the market has finally broken out of the resistance level — a key technical signal. This breakout was followed by higher lows and higher highs, suggesting a possible shift in momentum. 📈
Volume has also increased noticeably around the breakout zone, which can signal stronger conviction from buyers. The question now is: Are we entering a new uptrend?
As long as the price holds above the broken resistance (now acting as support), bulls could take control. Traders should keep an eye on key support zones and potential continuation patterns to confirm the trend reversal.
👉 What do you think — new rally or a bull trap?
Volume has also increased noticeably around the breakout zone, which can signal stronger conviction from buyers. The question now is: Are we entering a new uptrend?
As long as the price holds above the broken resistance (now acting as support), bulls could take control. Traders should keep an eye on key support zones and potential continuation patterns to confirm the trend reversal.
👉 What do you think — new rally or a bull trap?
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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.