- The price is in a strong uptrend, with consistent higher highs and higher lows.
- The recent breakout above 2,800 confirms bullish momentum.
- Support: Around 2,720 (previous swing high) and 2,600 (lower Bollinger Band).
- Resistance: Current high at 2,853.2—watch for potential pullbacks.
- The price is near the upper Bollinger Band, suggesting a strong bullish move but also a possibility of short-term consolidation or pullback.
- Increased volume accompanies the breakout, confirming strong buying pressure.
- High volume spikes during upward moves indicate institutional participation.
- Bullish Case: If momentum continues, price could test 2,900 and potentially 3,000.
- Bearish Case: A short-term pullback to 2,750–2,720 before another move higher.
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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.
➀➁➂➃➄
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.