Price is currently receiving last sell pressure of 50K resistance zone and if it manages to break our resistance zones can easily continue pumping and reaching new highs too.
So now we are waiting for a breakout to the upside here or seeing some correction that is needed too.
Supports ahead: A. 49300 B. 46300
Resistance ahead: A. 53300 B. 55000
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Price is receiving sell presure of resistance zone as mentioned
Note
Daily view and Elliott waves that formed and seems that it is now completed:
Trade closed: target reached
Target A reached 49K touched
Trade closed: target reached
All short-term targets reached.
price even fall to 42K support zone (local support zone of daily charts)
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