Price remains in a clear downtrend within a descending channel. After a temporary consolidation it is now testing a key trendline resistance around the 3,017 zone
Key Levels to Watch:
Resistance/POI: 3,017
Breakout Zone: 2,970 (bearish confirmation if broken)
Target: 2,910 (channel support zone)
A potential lower high near resistance could trigger further downside. Confirmation comes on a clean break below 2,956. Bias remains bearish unless price breaks and holds above 3,017.
This is a technical outlook not financial advice
Key Levels to Watch:
Resistance/POI: 3,017
Breakout Zone: 2,970 (bearish confirmation if broken)
Target: 2,910 (channel support zone)
A potential lower high near resistance could trigger further downside. Confirmation comes on a clean break below 2,956. Bias remains bearish unless price breaks and holds above 3,017.
This is a technical outlook not financial advice
Trade closed: stop reached
Resistance: 3,017 breakout
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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.
Related publications
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.