Key Insights:
Support Zone: Around $160–165, aligning with Ichimoku support lines.
Fibonacci Levels: Price broke above the 1.618 level (~$175) and is now retesting.
Indicators Below: Showing a strong bullish crossover, supporting upward momentum.
Target Path: Drawn to reach $223, then $240–260 if bullish trend continues.
📈 Bullish Scenario:
Bounce from $160–165 zone
-Short-term target: $195–200
-Mid-term target: $223
-Long-term: $240–260
📉 Bearish Scenario:
If $160 support breaks:
Next support levels: $145, then $122
Worst-case retest: $95
✅ Conclusion:
Crucial zone now: Either a strong bounce or a bearish breakdown.
Current indicators and structure favor a bullish continuation if support holds.
Support Zone: Around $160–165, aligning with Ichimoku support lines.
Fibonacci Levels: Price broke above the 1.618 level (~$175) and is now retesting.
Indicators Below: Showing a strong bullish crossover, supporting upward momentum.
Target Path: Drawn to reach $223, then $240–260 if bullish trend continues.
📈 Bullish Scenario:
Bounce from $160–165 zone
-Short-term target: $195–200
-Mid-term target: $223
-Long-term: $240–260
📉 Bearish Scenario:
If $160 support breaks:
Next support levels: $145, then $122
Worst-case retest: $95
✅ Conclusion:
Crucial zone now: Either a strong bounce or a bearish breakdown.
Current indicators and structure favor a bullish continuation if support holds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.