The asset experienced a sharp breakout starting around October 25th, moving from the $0.85 – $0.95 range to a recent high near $1.62.
The price action confirms a strong, impulsive uptrend, characterized by higher highs and higher lows following the breakout.After hitting a local peak at $1.6213, the price underwent a small retracement and is currently consolidating above a critical immediate support level (around $1.3913).
Key support levels include $1.3913 (immediate support) and $1.1706 (major support). Immediate resistance is at $1.6213, with the next target at $1.8444. Holding above $1.3913 is crucial for maintaining bullish momentum.
Bullish Scenario: Holding $1.3913 and breaking $1.6213 targets $1.8444.
Bearish Scenario: Falling below $1.3913 suggests a retreat towards $1.1706.
The price action confirms a strong, impulsive uptrend, characterized by higher highs and higher lows following the breakout.After hitting a local peak at $1.6213, the price underwent a small retracement and is currently consolidating above a critical immediate support level (around $1.3913).
Key support levels include $1.3913 (immediate support) and $1.1706 (major support). Immediate resistance is at $1.6213, with the next target at $1.8444. Holding above $1.3913 is crucial for maintaining bullish momentum.
Bullish Scenario: Holding $1.3913 and breaking $1.6213 targets $1.8444.
Bearish Scenario: Falling below $1.3913 suggests a retreat towards $1.1706.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.