🔍 1. Key Support and Resistance Levels (Horizontal Lines):
🟢 Resistances (Green Lines):
114,295.54 — strong resistance resulting from previous highs.
112,767.65
111,009.00
110,685.35 — current key level that price may try to retest after a potential breakout.
🔴 Supports (Red Lines):
108,496.55 — current level being tested, also coinciding with local resistance from the past.
107,687.57
105,888.74
102,909.85
100,848.07
98,208.22 — strong long-term support; in the past, this level was reacted with a strong bounce.
🔶 2. Downtrend channel marked with orange lines:
The upper downtrend line acted as resistance.
The lower uptrend line acted as support.
The price recently broke above the upper line, but is now testing it again - this could be a retrospective retest.
➡️ If the close of the H4 candle is above this line - a possible confirmation of the breakout.
📊 3. Stochastic RSI indicator (at the bottom of the chart):
Currently in the uptrend phase after a bounce from the oversold level (<20).
The %K line (blue) is crossed upwards by the %D line (orange) - a bullish signal.
Still below the overbought zone, which suggests that the potential uptrend still has room to develop.
🧠 4. Market structure and price action:
Price broke above the 108.496 level, but is currently struggling to stay above this zone.
A retest of the broken triangle could be a healthy move, provided that support is maintained in the 108k–107.6k area.
A break below and a close below 107.6k could mean a false breakout and a possible decline towards 105.8k or even 102.9k.
🧭 5. Possible scenarios:
✅ Bullish scenario:
Maintaining the 108.496 level and closing the candle above the upper orange line → continued growth.
The nearest targets are:
110.685 (first resistance),
111.009 and 112.767 next.
❌ Bearish scenario:
The price will not stay above 108k and will fall below 107.687.
Possible return to the previous consolidation range with the target:
105.888,
and then 102.909 or 100.848.
🧮 Summary:
Currently, the decisive moment is underway: a test of support after breaking out of the convergent triangle.
The Stoch RSI indicator gives a bullish signal, but the price must confirm the movement by behaving above 108k.
Retest and bounce - this is a bullish scenario.
A breakdown and return under the trend line - means that the breakout was false.
🟢 Resistances (Green Lines):
114,295.54 — strong resistance resulting from previous highs.
112,767.65
111,009.00
110,685.35 — current key level that price may try to retest after a potential breakout.
🔴 Supports (Red Lines):
108,496.55 — current level being tested, also coinciding with local resistance from the past.
107,687.57
105,888.74
102,909.85
100,848.07
98,208.22 — strong long-term support; in the past, this level was reacted with a strong bounce.
🔶 2. Downtrend channel marked with orange lines:
The upper downtrend line acted as resistance.
The lower uptrend line acted as support.
The price recently broke above the upper line, but is now testing it again - this could be a retrospective retest.
➡️ If the close of the H4 candle is above this line - a possible confirmation of the breakout.
📊 3. Stochastic RSI indicator (at the bottom of the chart):
Currently in the uptrend phase after a bounce from the oversold level (<20).
The %K line (blue) is crossed upwards by the %D line (orange) - a bullish signal.
Still below the overbought zone, which suggests that the potential uptrend still has room to develop.
🧠 4. Market structure and price action:
Price broke above the 108.496 level, but is currently struggling to stay above this zone.
A retest of the broken triangle could be a healthy move, provided that support is maintained in the 108k–107.6k area.
A break below and a close below 107.6k could mean a false breakout and a possible decline towards 105.8k or even 102.9k.
🧭 5. Possible scenarios:
✅ Bullish scenario:
Maintaining the 108.496 level and closing the candle above the upper orange line → continued growth.
The nearest targets are:
110.685 (first resistance),
111.009 and 112.767 next.
❌ Bearish scenario:
The price will not stay above 108k and will fall below 107.687.
Possible return to the previous consolidation range with the target:
105.888,
and then 102.909 or 100.848.
🧮 Summary:
Currently, the decisive moment is underway: a test of support after breaking out of the convergent triangle.
The Stoch RSI indicator gives a bullish signal, but the price must confirm the movement by behaving above 108k.
Retest and bounce - this is a bullish scenario.
A breakdown and return under the trend line - means that the breakout was false.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.