1. Initially, the price showed a rebound from the left side, surpassing the 1.26 mark indicating a certain level of support at that price point.
2. Price repeatedly hit resistance around the 1.45 level, signifying a significant barrier to further upward movement.
2. The price pattern formed a consolidation triangle, and it has recently broken out of this pattern suggests the possibility of an extended move in the direction
3. The Accumulation/Distribution indicator assess the strength of a trend. In this case, it indicates that during the uptrend, there is a consistent accumulation of the asset, which is often a sign of strong buying interest.
2. Price repeatedly hit resistance around the 1.45 level, signifying a significant barrier to further upward movement.
2. The price pattern formed a consolidation triangle, and it has recently broken out of this pattern suggests the possibility of an extended move in the direction
3. The Accumulation/Distribution indicator assess the strength of a trend. In this case, it indicates that during the uptrend, there is a consistent accumulation of the asset, which is often a sign of strong buying interest.
Trade active
Trade closed: stop reached