Descending Channel Breakout: Recent analyses have identified a descending channel on the 1-hour chart, with prices touching the lower trendline and bouncing back. A breakout above the upper trendline of this channel could signal a bullish reversal.
Morning Star Doji Formation: A completed Morning Star Doji pattern on the 1-hour timeframe indicates a potential trend reversal, suggesting that bullish price action may follow.
Support Zone Around 2,885 - 2,908: The price recently found support in this zone, suggesting possible buyer interest. A V-shaped recovery is anticipated, indicating a potential bullish reversal.
Morning Star Doji Formation: A completed Morning Star Doji pattern on the 1-hour timeframe indicates a potential trend reversal, suggesting that bullish price action may follow.
Support Zone Around 2,885 - 2,908: The price recently found support in this zone, suggesting possible buyer interest. A V-shaped recovery is anticipated, indicating a potential bullish reversal.
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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.