Still, the price is trading at the same zone under 39,245 and is currently running between 39,245 and 29,045 to break sideways.
Current Outlook: The price is likely to touch 39045 before potentially pushing down again. Both scenarios should be carefully considered:
Bearish Scenario: A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.
Bullish Scenario: Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.
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.