A price action above 30000 supports a bullish trend direction.
Further bullish confirmation for a break above 308000 (its 23.6% Fibonacci retracement level).
The target price is set at 32000.
The stop-loss price is set at 28700.
Remains above key support (see the black dotted trendline).
Remains above its 200-day and 200-week simple moving averages, supporting a bullish underlying trend.
Classified as a technical trading opportunity.
Further bullish confirmation for a break above 308000 (its 23.6% Fibonacci retracement level).
The target price is set at 32000.
The stop-loss price is set at 28700.
Remains above key support (see the black dotted trendline).
Remains above its 200-day and 200-week simple moving averages, supporting a bullish underlying trend.
Classified as a technical trading opportunity.