Key Observations: Trendlines: The chart displays an ascending channel pattern. The upper and lower trendlines are drawn to capture the price action within this channel.
Resistance Zone: There is a marked resistance zone around 2470-2480, where the price has faced rejection multiple times.
Support Levels: Immediate Support: The lower trendline of the ascending channel acts as immediate support.
LQZ/Reversal Point: At 2429.19, there is a significant level indicated, likely a liquidity zone or a potential reversal point from a higher timeframe.
Chart 2: 1-Hour Timeframe
Key Observations: Higher High (HH): The chart indicates a higher high formation at the recent peak, suggesting an uptrend.
Possible Scenarios: Bullish Scenario: If the price breaks above the resistance zone around 2480 and holds, it could target higher levels around 2520 and potentially 2550.
Bearish Scenario: If the price fails to break the resistance and instead breaks down from the ascending channel, it could move towards the LQZ/Reversal points at 2429.19 (1-hour) and 2391.39 (4-hour).
Support Levels: 1-Hour LQZ/Reversal Point: At 2429.19, providing a potential support zone for a bullish reversal.
4-Hour LQZ/Reversal Point: At 2391.39, indicating a deeper support level from the 4-hour timeframe.
Immediate Support: The lower trendline of the current ascending channel.
Summary: Immediate Focus: Watch the price action around the resistance zone (2470-2480) for potential breakout or rejection.
Bullish Confirmation: A breakout and retest above 2480 could signal a continuation towards higher targets.
Bearish Confirmation: A breakdown from the ascending channel and below the immediate support levels could trigger a move towards the lower LQZ/Reversal points.
Help you better understand your personal risk tolerance
Guide you through emotionally charged decisions
Improve your overall trading confidence and performance
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.