🔍 Analysis on H1 (1-Hour) Timeframe
1️⃣ Trend & Structure
Price is forming an ascending triangle, which is a bullish pattern.
Uptrend is still strong, with no signs of weakness yet.
As long as price holds above $3,080, there is potential for an upward breakout.
The last candlestick shows buyers gaining control, but price is still below the key resistance at $3,088 - $3,090.
2️⃣ Technical Indicators
RSI is around 55 - 65, meaning momentum is still bullish but not overbought yet.
Volume is increasing, but not significantly.
EMA 50 is below the price, confirming the trend is still strong.
3️⃣ Expected Movement
✅ If price breaks $3,090 with strong volume, the next target is $3,100 - $3,105.
❌ If price gets rejected at $3,088 - $3,090, we may see a pullback to $3,075 - $3,070.
🔍 Analysis on H4 (4-Hour) Timeframe
1️⃣ Trend & Structure
Price is still in an overall uptrend, but reaching a key decision zone.
The market continues forming higher highs & higher lows, which means buyers are still in control.
Major resistance is at $3,088 - $3,090.
Critical support is at $3,070, and if it breaks, a deeper pullback may happen.
2️⃣ Technical Indicators
RSI is around 65, close to the overbought zone, so a reversal is possible.
Volume is increasing slowly, meaning buying interest is still present.
EMA 50 and EMA 200 confirm the uptrend is still strong.
3️⃣ Expected Movement
✅ If price stays above $3,090, the bullish trend may continue to $3,100 - $3,105.
❌ If price gets rejected at resistance, a pullback to $3,070 - $3,065 is likely.
⚠️ If price breaks below $3,065, this could signal the start of a bearish reversal.
📌 Summary (Multi-Timeframe Analysis)
H1 & H4 are still bullish, but facing strong resistance.
Breakout above $3,090 → Buy opportunity (target: $3,100 - $3,105).
Rejection at resistance → Sell opportunity (target: $3,075 - $3,070).
If price drops below $3,065, a stronger bearish move may happen to $3,050.
🎯 Best Trading Strategy
🔵 Scalping (M15 - H1)
Buy if price breaks $3,090 with strong bullish candles.
Sell if price gets rejected at $3,088 - $3,090.
🟢 Swing Trading (H4 - D1)
Buy if price stays above $3,090, aiming for $3,105.
Sell if price breaks $3,065, targeting $3,050.
1️⃣ Trend & Structure
Price is forming an ascending triangle, which is a bullish pattern.
Uptrend is still strong, with no signs of weakness yet.
As long as price holds above $3,080, there is potential for an upward breakout.
The last candlestick shows buyers gaining control, but price is still below the key resistance at $3,088 - $3,090.
2️⃣ Technical Indicators
RSI is around 55 - 65, meaning momentum is still bullish but not overbought yet.
Volume is increasing, but not significantly.
EMA 50 is below the price, confirming the trend is still strong.
3️⃣ Expected Movement
✅ If price breaks $3,090 with strong volume, the next target is $3,100 - $3,105.
❌ If price gets rejected at $3,088 - $3,090, we may see a pullback to $3,075 - $3,070.
🔍 Analysis on H4 (4-Hour) Timeframe
1️⃣ Trend & Structure
Price is still in an overall uptrend, but reaching a key decision zone.
The market continues forming higher highs & higher lows, which means buyers are still in control.
Major resistance is at $3,088 - $3,090.
Critical support is at $3,070, and if it breaks, a deeper pullback may happen.
2️⃣ Technical Indicators
RSI is around 65, close to the overbought zone, so a reversal is possible.
Volume is increasing slowly, meaning buying interest is still present.
EMA 50 and EMA 200 confirm the uptrend is still strong.
3️⃣ Expected Movement
✅ If price stays above $3,090, the bullish trend may continue to $3,100 - $3,105.
❌ If price gets rejected at resistance, a pullback to $3,070 - $3,065 is likely.
⚠️ If price breaks below $3,065, this could signal the start of a bearish reversal.
📌 Summary (Multi-Timeframe Analysis)
H1 & H4 are still bullish, but facing strong resistance.
Breakout above $3,090 → Buy opportunity (target: $3,100 - $3,105).
Rejection at resistance → Sell opportunity (target: $3,075 - $3,070).
If price drops below $3,065, a stronger bearish move may happen to $3,050.
🎯 Best Trading Strategy
🔵 Scalping (M15 - H1)
Buy if price breaks $3,090 with strong bullish candles.
Sell if price gets rejected at $3,088 - $3,090.
🟢 Swing Trading (H4 - D1)
Buy if price stays above $3,090, aiming for $3,105.
Sell if price breaks $3,065, targeting $3,050.
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.