Technical Analysis
1. Market Structure
Strong uptrend with consecutive higher highs and higher lows
Key support: 130-160 (long-term accumulation zone)
2. Fibonacci Retracement
0.618 level (~240-270): Golden Ratio aligns with critical accumulation zone
Price showed strong reaction from this level before breakout
3. Cup and Handle Pattern
Cup: Formed from peak down to bottom ~90-110, then recovered with rounded base
Handle: Purple/pink zone 240-400 - short consolidation phase
Target: 700-1000
1. Market Structure
Strong uptrend with consecutive higher highs and higher lows
Key support: 130-160 (long-term accumulation zone)
2. Fibonacci Retracement
0.618 level (~240-270): Golden Ratio aligns with critical accumulation zone
Price showed strong reaction from this level before breakout
3. Cup and Handle Pattern
Cup: Formed from peak down to bottom ~90-110, then recovered with rounded base
Handle: Purple/pink zone 240-400 - short consolidation phase
Target: 700-1000
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.
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.