The asset continues to trade within a broad descending channel. Currently, the price is approaching the upper boundary, sitting near the channel’s median line — a key level that often acts as support or resistance.
Locally, a potential bullish flag pattern is forming, pointing toward the resistance zone. A breakout above this channel boundary could trigger a trend reversal to the upside.
Long targets are marked on the chart. Keep in mind the alternative scenario: a rejection at resistance and a possible return to the channel’s lower boundary remain valid.
Always practice proper risk management
The asset is traded on multiple liquid exchanges, including Coinbase, which adds optimism to its potential outlook.
Locally, a potential bullish flag pattern is forming, pointing toward the resistance zone. A breakout above this channel boundary could trigger a trend reversal to the upside.
Long targets are marked on the chart. Keep in mind the alternative scenario: a rejection at resistance and a possible return to the channel’s lower boundary remain valid.
Always practice proper risk management
The asset is traded on multiple liquid exchanges, including Coinbase, which adds optimism to its potential outlook.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.