The price is currently hovering near the top of the Kumo, indicating potential support from the cloud. A strong bullish candle above the Kumo will confirm a trend continuation.
Chikou Span is slightly above the price candles, supporting a bullish bias, though confirmation is needed with a clear breakout.
NT (1.72): Immediate resistance. A breakout above this level would confirm a bullish continuation.
Wait for a strong daily close above 1.72 with increased volume to confirm bullish momentum.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Chikou Span is slightly above the price candles, supporting a bullish bias, though confirmation is needed with a clear breakout.
NT (1.72): Immediate resistance. A breakout above this level would confirm a bullish continuation.
Wait for a strong daily close above 1.72 with increased volume to confirm bullish momentum.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.
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.