The price initially fluctuated within a specific range between the first support and resistance levels.
After breaking the first resistance and forming a pullback, the price is expected to rise towards the second orange box.
Additionally, the current bearish candles are considered a temporary correction, and given the bullish and reversal patterns on the daily timeframe, we expect the price trend to continue upwards and reach the second resistance area.
Another important point is that the first resistance now acts as a support level. If this support level is lost, there is a possibility that the price may fall towards the lower support area.
After breaking the first resistance and forming a pullback, the price is expected to rise towards the second orange box.
Additionally, the current bearish candles are considered a temporary correction, and given the bullish and reversal patterns on the daily timeframe, we expect the price trend to continue upwards and reach the second resistance area.
Another important point is that the first resistance now acts as a support level. If this support level is lost, there is a possibility that the price may fall towards the lower support area.
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Join our channel:
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🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
