Key Data Points:
Current Price: 3,309.065 USD
Open: 3,358.435 USD
High: 3,363.900 USD
Low: 3,307.295 USD
Change: +1.77% (+59,760 points)
Volume: Not explicitly stated but implied by "1B" (likely 1 billion units).
Price Action & Technical Observations:
Trend:
The price is currently below the open (3,309.065 vs. 3,358.435), suggesting a pullback after an intraday high of 3,363.900.
The +1.77% daily gain indicates overall bullish momentum, but the candle shows rejection near highs (wick formation).
Support/Resistance Levels:
Resistance:
Immediate: 3,362–3,375 USD (previous highs/profit targets).
Strong: 3,406–3,425 USD (key profit levels).
Support:
Immediate: 3,288–3,265 USD (labeled "Entity" and "Profit" zones).
Strong: 3,250 USD (psychological level).
Profit Targets:
The chart marks three profit-taking levels:
3,323 USD (minor), 3,362 USD (mid), 3,406 USD (major).
This suggests traders are eyeing these levels for potential reversals or take-profit actions.
Volume & Momentum:
The "+59,760" change with "1B" volume implies strong buying interest, but the long upper wick hints at selling pressure near highs.
Potential Scenarios:
Bullish Continuation:
If price holds above 3,288–3,265 USD, a retest of 3,362–3,406 USD is likely.
Bearish Reversal:
A break below 3,265 USD could trigger a drop toward 3,250–3,225 USD.
Current Price: 3,309.065 USD
Open: 3,358.435 USD
High: 3,363.900 USD
Low: 3,307.295 USD
Change: +1.77% (+59,760 points)
Volume: Not explicitly stated but implied by "1B" (likely 1 billion units).
Price Action & Technical Observations:
Trend:
The price is currently below the open (3,309.065 vs. 3,358.435), suggesting a pullback after an intraday high of 3,363.900.
The +1.77% daily gain indicates overall bullish momentum, but the candle shows rejection near highs (wick formation).
Support/Resistance Levels:
Resistance:
Immediate: 3,362–3,375 USD (previous highs/profit targets).
Strong: 3,406–3,425 USD (key profit levels).
Support:
Immediate: 3,288–3,265 USD (labeled "Entity" and "Profit" zones).
Strong: 3,250 USD (psychological level).
Profit Targets:
The chart marks three profit-taking levels:
3,323 USD (minor), 3,362 USD (mid), 3,406 USD (major).
This suggests traders are eyeing these levels for potential reversals or take-profit actions.
Volume & Momentum:
The "+59,760" change with "1B" volume implies strong buying interest, but the long upper wick hints at selling pressure near highs.
Potential Scenarios:
Bullish Continuation:
If price holds above 3,288–3,265 USD, a retest of 3,362–3,406 USD is likely.
Bearish Reversal:
A break below 3,265 USD could trigger a drop toward 3,250–3,225 USD.
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.