The price has broken above the 2905 resistance level and is now consolidating, similar to what happened between February 25 and 27 in the same area. This suggests that the market is gathering strength before its next move. We can define a key zone between 2906 and 2918, where price movement is crucial. A breakout from either of these levels will determine the next direction. I expect a slight pullback to test support, followed by a strong upward push toward the next major resistance area.
Bearish target: 2904, 2879, 2858.
Bullish target: 2918, 2935, 2954
Bearish target: 2904, 2879, 2858.
Bullish target: 2918, 2935, 2954
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts!
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According to my analysis, the price completed its correction to the support level before rising and trading above 2,918.The price is currently trading above 2,918, moving toward the previous high level.
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.