1. Prices must break the trend line (dashed blue) and overcome resistant from to SMA20 (green curve) and allocate over the VWAP (yellow curve) to hit the upper limit of testing zone @ $107.5x (minor profit target).
2. By passing the testing zone, prices will get resistant from SMA200 (red). Breaking the SMA200 and regression channel limits is the key to consider the performance in uptrend direction.
3. Volume construction at startup hour shows a medium tendency of growth (8.166k). If candles perform a three soldiers pattern then indeed prices will at least satisfy up trending condition in point#1.
4. At the moment, support level above $103.9x and resistance around $107.5x.
5. The downtrend target will be above the reference line @ $102.4x.
2. By passing the testing zone, prices will get resistant from SMA200 (red). Breaking the SMA200 and regression channel limits is the key to consider the performance in uptrend direction.
3. Volume construction at startup hour shows a medium tendency of growth (8.166k). If candles perform a three soldiers pattern then indeed prices will at least satisfy up trending condition in point#1.
4. At the moment, support level above $103.9x and resistance around $107.5x.
5. The downtrend target will be above the reference line @ $102.4x.