The 4-hour chart is currently experiencing a major uptrend, albeit weakened due to a substantial retracement.
The heavy retracement is showing signs of short-term exhaustion, which may favor short-term buyers.
On the 15-minute chart, sellers appear to be losing momentum.
Summary: The overall condition suggests a leaning towards a bullish trend, but a cautious approach is advisable. If price hit 3760 or 3674, the bullish conditions is reset and look for new conditions.
Key Level to Monitor: Keep an eye on the level at 3707. Anticipate potential interruptions in the 15-minute price movement initially. If the price rejects from 3707, consider planning for a long setup.
The heavy retracement is showing signs of short-term exhaustion, which may favor short-term buyers.
On the 15-minute chart, sellers appear to be losing momentum.
Summary: The overall condition suggests a leaning towards a bullish trend, but a cautious approach is advisable. If price hit 3760 or 3674, the bullish conditions is reset and look for new conditions.
Key Level to Monitor: Keep an eye on the level at 3707. Anticipate potential interruptions in the 15-minute price movement initially. If the price rejects from 3707, consider planning for a long setup.
Nota
Seem like price is working out, but be conservative because the major uptrend is not strong.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.