Summary and possible scenarios for Friday, January 31:
1. The price is currently in an upward trend within the long-term time frame, aiming for 3000. It has encountered the first resistance range (2795 - 2800). The 2783 level is a good support level for Friday. If a further correction occurs, the strong support levels are at 2771 and 2765.There are expectation is for a reversal from these support levels towards the target of 2830.
2. If the 2795 - 2800 range is broken, there is a possibility of an upward move to 2830.
1. The price is currently in an upward trend within the long-term time frame, aiming for 3000. It has encountered the first resistance range (2795 - 2800). The 2783 level is a good support level for Friday. If a further correction occurs, the strong support levels are at 2771 and 2765.There are expectation is for a reversal from these support levels towards the target of 2830.
2. If the 2795 - 2800 range is broken, there is a possibility of an upward move to 2830.
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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.