The price attempted to break above the upper boundary of the descending channel and the weekly 50 and 200 EMAs on positive news but was unable to sustain above the resistance level. The middle and lower boundaries of the channel and the weekly 50 SMA act as strong support levels. A breakout above the upper boundary of the channel would serve as a strong bullish signal.
The price has broken the upward trend line after forming multiple bearish divergences. However, it is still possible that the price is touching the trend line if it is drawn along the shadows of the candles. A break below the lower trend line would be a bearish signal, indicating a potential move towards the Point of Control (POC) zone
The price is currently trapped between the daily 50 MAs and 100 MAs. There is a defined line representing a local upward trend, and a break below this line would be considered a bearish signal. On the other hand, if the price breaks above the 100 MAs, it may move towards the weekly 50 MAs.
The price is attempting to break above the upper boundary of the descending channel. A successful breakthrough of this resistance level would push the price towards the strong resistance level at 2.36 and the 200 EMA. However, there is a bearish scenario where the price bounces down from the upper boundary of the channel, indicating a continuation of the downward trend.
Price is attempting to hold at the weekly 50 EMA and the lower boundary of the forming bearish channel. The weekly 100 EMA and the middle level of the channel are the nearest strong resistances. A break below the 50 EMA will send the price to the weekly 200 EMA and 200 SMA.
The price is currently at the lower boundary of an ascending channel. The weekly 50 EMA is the nearest strong resistance level. A break below the lower boundary of the channel would be a strong bearish signal. A break above the 50 EMA would push the price up towards the channel's midline.
The price has dropped to the lower boundary of the descending wedge and the weekly 100 EMA. Numerous bullish divergences suggest a high probability of a rebound upwards, with a possible retest of the upper boundary of the wedge. Breaking through the upper boundary of the wedge could be a signal for the continuation of the uptrend.