Price is pressing into a key resistance zone near the 50% retracement level, aligning with prior supply. If we see a decisive breakout and hold above this “strong map” zone, the setup starts to resemble a long-term double bottom structure—often a precursor to multi-quarter upside trends.
Volume is healthy, structure remains bullish, and the higher timeframe fib targets point toward 217, 237, and potentially 265 if momentum persists. Risk remains in the short-term if sellers defend the premium zone, but as of now, trend bias is still to the upside.
Key levels to watch:
Support: 187.7 / 175 (equilibrium)
Resistance: 206.3 (break & hold could trigger trend acceleration)
Fib extensions: 217, 237, 265
📊 VolanX Trend Rating: Bullish until proven otherwise
Disclaimer: This is not financial advice. Markets carry risk—manage accordingly.
Volume is healthy, structure remains bullish, and the higher timeframe fib targets point toward 217, 237, and potentially 265 if momentum persists. Risk remains in the short-term if sellers defend the premium zone, but as of now, trend bias is still to the upside.
Key levels to watch:
Support: 187.7 / 175 (equilibrium)
Resistance: 206.3 (break & hold could trigger trend acceleration)
Fib extensions: 217, 237, 265
📊 VolanX Trend Rating: Bullish until proven otherwise
Disclaimer: This is not financial advice. Markets carry risk—manage accordingly.
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.
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.