Price is currently consolidating between a well-defined resistance zone (~0.193–0.195) and support zone (~0.187–0.189). A Change of Character (ChoCH) has been observed, indicating potential shift in short-term momentum.
Scenario 1 – Bullish Breakout:
If price breaks and closes above the resistance zone, expect bullish continuation towards the upper target area (~0.210–0.220). Look for retests of the breakout level for confirmation before entering long positions.
Scenario 2 – Bearish Breakdown:
If price rejects resistance and breaks below support, it may retest the weak low before moving towards the lower target zone (~0.150–0.160). Confirmation with volume and candle structure is recommended.
Market Sentiment:
Currently neutral to slightly bearish as price trades below resistance and shows reduced momentum. Traders should wait for a clear breakout or breakdown before taking positions.
Key Levels to Watch:
• Resistance: 0.193–0.195
• Support: 0.187–0.189
• Bullish Target: 0.210–0.220
• Bearish Target: 0.150–0.160
Scenario 1 – Bullish Breakout:
If price breaks and closes above the resistance zone, expect bullish continuation towards the upper target area (~0.210–0.220). Look for retests of the breakout level for confirmation before entering long positions.
Scenario 2 – Bearish Breakdown:
If price rejects resistance and breaks below support, it may retest the weak low before moving towards the lower target zone (~0.150–0.160). Confirmation with volume and candle structure is recommended.
Market Sentiment:
Currently neutral to slightly bearish as price trades below resistance and shows reduced momentum. Traders should wait for a clear breakout or breakdown before taking positions.
Key Levels to Watch:
• Resistance: 0.193–0.195
• Support: 0.187–0.189
• Bullish Target: 0.210–0.220
• Bearish Target: 0.150–0.160
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.