The price declined as anticipated in my previous analysis and has stabilized below the 2,004 level, which is a significant resistance level.
Currently, the price is experiencing buyer pressure, prompting a corrective movement toward the 2,004 level. However, upon completing this correction, the price is expected to decline again. This suggests that after the correction, the price will attempt to breach the support zone between 1,860 - 1,765. A successful breakout below this zone would initiate a sharp decline toward our target at 1,516.
Currently, the price is experiencing buyer pressure, prompting a corrective movement toward the 2,004 level. However, upon completing this correction, the price is expected to decline again. This suggests that after the correction, the price will attempt to breach the support zone between 1,860 - 1,765. A successful breakout below this zone would initiate a sharp decline toward our target at 1,516.
- Bearish target: 1,860 - 1,765 - 1,516
- Bullish target: 2,004 -2,146 - 2,361.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.