Price is currently in a strong downtrend, forming lower highs and lower lows. The market has reached a key support zone (highlighted in green), which has acted as a previous reaction level.
Trendline:
A clear descending trendline shows continuous selling pressure. Price is now consolidating just below this line, suggesting a potential breakout setup.
Scenarios:
1. Bullish Breakout:
• A strong close above the descending trendline with volume confirmation could trigger a reversal or retracement move.
• Upside Target: Toward the next resistance area around 4,200–4,250.
• Confirmation: Retest of the broken trendline as new support.
2. Bearish Continuation:
• If price fails to break above and rejects the trendline, a continuation to the downside is likely.
• Downside Target: Toward 4,000–3,960 area (next support zone).
• Confirmation: Breakdown below the green demand zone.
Key Levels:
• Support: 4,080 – 4,100
• Resistance: 4,160 – 4,200
Bias: Neutral → Waiting for breakout confirmation before taking direction.
Trendline:
A clear descending trendline shows continuous selling pressure. Price is now consolidating just below this line, suggesting a potential breakout setup.
Scenarios:
1. Bullish Breakout:
• A strong close above the descending trendline with volume confirmation could trigger a reversal or retracement move.
• Upside Target: Toward the next resistance area around 4,200–4,250.
• Confirmation: Retest of the broken trendline as new support.
2. Bearish Continuation:
• If price fails to break above and rejects the trendline, a continuation to the downside is likely.
• Downside Target: Toward 4,000–3,960 area (next support zone).
• Confirmation: Breakdown below the green demand zone.
Key Levels:
• Support: 4,080 – 4,100
• Resistance: 4,160 – 4,200
Bias: Neutral → Waiting for breakout confirmation before taking direction.
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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.