Key Observations:
Cup and Handle Pattern: The chart suggests a potential cup and handle formation, indicative of bullish sentiment. This is a continuation pattern often preceding upward price movements.
Support and Resistance Zones:
Immediate support is observed in the pink highlighted zone around 0.0006600.
Resistance is evident at 0.0008315, aligning with the cup’s rim.
Price Action and Potential Breakout:
Price currently consolidates after testing the rim of the cup. A pullback into the pink handle zone may precede a breakout.
A successful breakout above 0.0008315 could lead to new highs in the short term.
Trendlines and Trajectory:
The ascending curve shows a gradual strengthening of bullish momentum.
Two upward projections suggest possible paths for the breakout, contingent on volume and market sentiment.
Cup and Handle Pattern: The chart suggests a potential cup and handle formation, indicative of bullish sentiment. This is a continuation pattern often preceding upward price movements.
Support and Resistance Zones:
Immediate support is observed in the pink highlighted zone around 0.0006600.
Resistance is evident at 0.0008315, aligning with the cup’s rim.
Price Action and Potential Breakout:
Price currently consolidates after testing the rim of the cup. A pullback into the pink handle zone may precede a breakout.
A successful breakout above 0.0008315 could lead to new highs in the short term.
Trendlines and Trajectory:
The ascending curve shows a gradual strengthening of bullish momentum.
Two upward projections suggest possible paths for the breakout, contingent on volume and market sentiment.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.