Price has successfully broken above key resistance levels on both the 6-Day and 6-Week timeframes, signaling continued bullish momentum.
Here’s the detailed observation:
1. 6-Day Chart:
• Price has cleared previous resistance and is holding above key levels.
• A clear cup formation (highlighted) is visible, typically indicating a bullish continuation pattern.
• Consolidation at this point shows strength, as it allows price to build momentum for the next push upwards.
2. 6-Week Chart:
• The bullish candle structure looks strong and clean.
• Price remains above the 21’ High, which acts as a significant support level.
• Volume and structure indicate a healthy trend, with no signs of reversal at this point.
• This timeframe aligns with the bullish sentiment, further confirming the upward trajectory.
Summary:
The bullish momentum remains intact across multiple timeframes. The break above resistance combined with consolidation is a strong indicator that price is preparing for the next leg up. Monitoring the 6-Day and 6-Week charts closely will help confirm continued strength as the market progresses.
Here’s the detailed observation:
1. 6-Day Chart:
• Price has cleared previous resistance and is holding above key levels.
• A clear cup formation (highlighted) is visible, typically indicating a bullish continuation pattern.
• Consolidation at this point shows strength, as it allows price to build momentum for the next push upwards.
2. 6-Week Chart:
• The bullish candle structure looks strong and clean.
• Price remains above the 21’ High, which acts as a significant support level.
• Volume and structure indicate a healthy trend, with no signs of reversal at this point.
• This timeframe aligns with the bullish sentiment, further confirming the upward trajectory.
Summary:
The bullish momentum remains intact across multiple timeframes. The break above resistance combined with consolidation is a strong indicator that price is preparing for the next leg up. Monitoring the 6-Day and 6-Week charts closely will help confirm continued strength as the market progresses.
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Pubblicazioni correlate
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.