Current Price: ~$3,326
Trend: Strong bullish breakout of ascending channel
Moving Averages: Price is far above the 50 EMA (white)
Still bullishly distanced from the 200 EMA (orange)
Structure: Clean breakout of rising channel and key horizontal resistance zones
-Strong daily candle closed above trendline resistance → this is a confirmed breakout
-No upper wick rejections or bearish engulfing candles
-Buyers remain in control until signs of exhaustion show
Plan: Only look for a Buy position setup for safer trade.
Trend: Strong bullish breakout of ascending channel
Moving Averages: Price is far above the 50 EMA (white)
Still bullishly distanced from the 200 EMA (orange)
Structure: Clean breakout of rising channel and key horizontal resistance zones
-Strong daily candle closed above trendline resistance → this is a confirmed breakout
-No upper wick rejections or bearish engulfing candles
-Buyers remain in control until signs of exhaustion show
Plan: Only look for a Buy position setup for safer trade.
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.