The chart shows support and resistance levels as well as the targets up to the global descending channel.
If the global downtrend is broken - the maximum target is the blue zone.
The red zone represents a short-squeeze area originating from the blue zone — which may or may not occur and the squeeze could also happen earlier.
At the moment we are in the accumulation zone of the asset.
If the global downtrend is broken - the maximum target is the blue zone.
The red zone represents a short-squeeze area originating from the blue zone — which may or may not occur and the squeeze could also happen earlier.
At the moment we are in the accumulation zone of the asset.
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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.
Related publications
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.