The price has remained stable below the 2361 resistance zone, reinforcing the continuation of the bearish trend. After an upward movement from the support zone, the price reached the 2361 level, which served as a temporary barrier. Consequently, bearish momentum is anticipated to resume, potentially leading to another attempt to breach the strong support level at 2064 also a confirmed break below this level would open the path toward the support at 1861.
However, if the price surpasses 2577, it may indicate a transition towards consolidation rather than a continuation of the downward trend.
Bearish target: 2361. 2577.
Bullish target: 2064. 1861.
However, if the price surpasses 2577, it may indicate a transition towards consolidation rather than a continuation of the downward trend.
Bearish target: 2361. 2577.
Bullish target: 2064. 1861.
Trade active
It reached the resistance level and has begun to decline, as previously noted. Therefore, the bearish scenario remains valid.
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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.