A price action above 15.50 supports a bullish trend direction.
Further bullish confirmation for a break above 16.50.
The target price is set at 17.50.
The stop-loss price is set at 14.50.
The lower panel confirmed a change in trend direction to bullish.
A base formation can indicate a period of accumulation, where investors and traders are gradually building positions in the asset or waiting for a catalyst to drive the next significant price move. It can also represent a period of indecision or uncertainty in the market.
Further bullish confirmation for a break above 16.50.
The target price is set at 17.50.
The stop-loss price is set at 14.50.
The lower panel confirmed a change in trend direction to bullish.
A base formation can indicate a period of accumulation, where investors and traders are gradually building positions in the asset or waiting for a catalyst to drive the next significant price move. It can also represent a period of indecision or uncertainty in the market.