The price has been attempting to break through the range between 126.31 and 139.40 for an extended period; however, these efforts have thus far proven unsuccessful. The price continues to move within a narrow downward channel, exhibiting limited volatility. To initiate a meaningful upward movement, strong bullish momentum is required to reach the 139.40 level. Furthermore, confirmation of a sustained uptrend would necessitate a breakout from the channel and a stable position above the 159.02 level.
Conversely, in a bearish scenario, a decisive break below the 126.31 level would be necessary, particularly if the price remains within the current support zone.
Bullish target: 139.40, 159.02, 179.64
Bearish target: 126.31, 110.60, 93.08
Conversely, in a bearish scenario, a decisive break below the 126.31 level would be necessary, particularly if the price remains within the current support zone.
Bullish target: 139.40, 159.02, 179.64
Bearish target: 126.31, 110.60, 93.08
Trade active
The price has risen as previously anticipated and is currently trading near the channel. A brief correction is expected, after which the price is likely to attempt a breakout above the channel and move toward the 159.02 level and potentially higher.
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.