Here is a short analysis based on the chart's elements:
Trendline Breakout: The price has decisively broken out of a long-term descending white trendline, which previously acted as resistance. This is a strong bullish signal, suggesting the end of the downtrend.
Market Structure Shift: The chart shows multiple "ChoCH" (Change of Character) and "BOS" (Break of Structure) to the upside, indicating a shift from a bearish market structure (Lower Lows and Lower Highs) to a bullish one.
Predicted Path: The large yellow arrow drawn on the chart illustrates the forecast. It predicts a potential small dip or consolidation to retest the broken trendline as new support, followed by a significant upward move.
Target: The arrow points towards the upper red resistance/supply zones, suggesting a potential target price around the 0.07200 level.
Trendline Breakout: The price has decisively broken out of a long-term descending white trendline, which previously acted as resistance. This is a strong bullish signal, suggesting the end of the downtrend.
Market Structure Shift: The chart shows multiple "ChoCH" (Change of Character) and "BOS" (Break of Structure) to the upside, indicating a shift from a bearish market structure (Lower Lows and Lower Highs) to a bullish one.
Predicted Path: The large yellow arrow drawn on the chart illustrates the forecast. It predicts a potential small dip or consolidation to retest the broken trendline as new support, followed by a significant upward move.
Target: The arrow points towards the upper red resistance/supply zones, suggesting a potential target price around the 0.07200 level.
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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.
t.me/aitradingday - Telegram channel Free Trading Signals and buy AI private Indicators.
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.