Here is a short analysis based on the chart's elements:
Trendline Breakout: The price has decisively broken out of a long-term descending white trendline, which previously acted as resistance. This is a strong bullish signal, suggesting the end of the downtrend.
Market Structure Shift: The chart shows multiple "ChoCH" (Change of Character) and "BOS" (Break of Structure) to the upside, indicating a shift from a bearish market structure (Lower Lows and Lower Highs) to a bullish one.
Predicted Path: The large yellow arrow drawn on the chart illustrates the forecast. It predicts a potential small dip or consolidation to retest the broken trendline as new support, followed by a significant upward move.
Target: The arrow points towards the upper red resistance/supply zones, suggesting a potential target price around the 0.07200 level.
Trendline Breakout: The price has decisively broken out of a long-term descending white trendline, which previously acted as resistance. This is a strong bullish signal, suggesting the end of the downtrend.
Market Structure Shift: The chart shows multiple "ChoCH" (Change of Character) and "BOS" (Break of Structure) to the upside, indicating a shift from a bearish market structure (Lower Lows and Lower Highs) to a bullish one.
Predicted Path: The large yellow arrow drawn on the chart illustrates the forecast. It predicts a potential small dip or consolidation to retest the broken trendline as new support, followed by a significant upward move.
Target: The arrow points towards the upper red resistance/supply zones, suggesting a potential target price around the 0.07200 level.
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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.
t.me/aitradingday - Telegram channel Free Trading Signals and buy AI private Indicators.
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.