Technical Analysis
The price exhibits bearish momentum as long as it trades below 21620, targeting 21360. However, the price is expected to consolidate between 21360 and 21630 until a breakout occurs.
A 4-hour candle close above 21630 will support a bullish move toward 21770 and 21900.
On the other hand, if the price stabilizes below 21360, the bearish trend is likely to continue toward 20980 and 20860.
Key Levels:
Pivot Point: 21530
Resistance Levels: 21630, 21770, 21900
Support Levels: 21370, 21215, 21070
Trend Outlook:
- Bearish Momentum: Stability below 21620
- Bullish Momentum: Stability above 21630