Price is currently testing the ascending trendline after getting rejected from the $17.80–$18.00 resistance zone. If the trendline breaks and a retest confirms resistance, we could see a bearish move toward the $17.00–$16.90 support area.
Key Levels:
Resistance: $17.80–$18.00
Support: $17.00–$16.90
Bias: Bearish if price breaks below the trendline
Target: Support zone around $17.00
Trade Idea:
Watch for a clear break and retest of the ascending trendline. A rejection below resistance confirms short opportunities toward the support area.
Key Levels:
Resistance: $17.80–$18.00
Support: $17.00–$16.90
Bias: Bearish if price breaks below the trendline
Target: Support zone around $17.00
Trade Idea:
Watch for a clear break and retest of the ascending trendline. A rejection below resistance confirms short opportunities toward the support area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.