Context:
price traded towards the "mean" of 26000 which is a key level , if we reject the level we will see
some donwside till 25100 , on the other hand should we clear this level to the upside the intermediate upside potential will be 26500/ 27000 , the tight range between support 25800 and resistance 25965 and how it resolves itself will indictate the future price movement
Signs of strength:
strong rally
Signs Of weakness:
price came to an halt near the mean
Support:
25800
25100
Resistance:
26000
invezted.com
price traded towards the "mean" of 26000 which is a key level , if we reject the level we will see
some donwside till 25100 , on the other hand should we clear this level to the upside the intermediate upside potential will be 26500/ 27000 , the tight range between support 25800 and resistance 25965 and how it resolves itself will indictate the future price movement
Signs of strength:
strong rally
Signs Of weakness:
price came to an halt near the mean
Support:
25800
25100
Resistance:
26000
invezted.com
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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.