After a significant sharp fall, price has started a mild upside move on the bullish trend line.
Currently, price has respected the trend line and is pushed to the upside after touching it, and the last 4H candle has been closed bullish.
Since price is moving in the uptrend and failed to make lower lows, I expect a rise towards the last high at 14600, and in the case of an upside breakout on this level, the next target would be 15000
Otherwise, if price breaks the trend line to the downside, price will continue moving downside and the bullish scenario will be canceled.
Currently, price has respected the trend line and is pushed to the upside after touching it, and the last 4H candle has been closed bullish.
Since price is moving in the uptrend and failed to make lower lows, I expect a rise towards the last high at 14600, and in the case of an upside breakout on this level, the next target would be 15000
Otherwise, if price breaks the trend line to the downside, price will continue moving downside and the bullish scenario will be canceled.
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