In the price range of 74$ -75$, we are witnessing the intersection of a horizontal support level and an ascending trendline on the daily chart. The price range (74-75) is considered a strong support level, indicating the potential end of the current downtrend.
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"The technical analysis and opinions presented on this page are for informational and educational purposes only. They do not constitute financial advice, investment recommendations, or endorsements of any particular security or strategy. The content is based on the author's analysis and should not be relied upon as the sole basis for making financial decisions.
Investing in financial markets involves significant risks, including the potential loss of capital. Past performance is not indicative of future results. Readers are encouraged to conduct their own research and consult with a licensed financial advisor before making any investment decisions."
Disclaimer:
"The technical analysis and opinions presented on this page are for informational and educational purposes only. They do not constitute financial advice, investment recommendations, or endorsements of any particular security or strategy. The content is based on the author's analysis and should not be relied upon as the sole basis for making financial decisions.
Investing in financial markets involves significant risks, including the potential loss of capital. Past performance is not indicative of future results. Readers are encouraged to conduct their own research and consult with a licensed financial advisor before making any investment decisions."
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.