Trend Context:
The chart shows a potential bullish reversal setup.
Price is consolidating around the marked support level (~$65–$66).
🔹 Key Technicals:
EMA 50 (red line) is at ~$67.48 — currently acting as near-term resistance.
EMA 200 (blue line) is at ~$66.79 — price is hovering just below this, indicating the area is a pivot zone.
The 200 EMA is flattening, suggesting the strong downtrend is slowing.
🔹 Price Structure:
The pattern projects a potential bounce from the support zone with two upside targets:
1st Target: $72.13
2nd Target: $77.28
The path drawn shows a possible retest of support before launching upwards.
🔹 RSI:
RSI is around 43.94, indicating momentum is neutral to slightly oversold — this supports the idea of a rebound if buying pressure returns.
✅ Summary:
Bias: Early bullish reversal.
Key Zone: Hold above $65–$66 support.
Upside Targets: $72.13 and $77.28.
Watch: Reaction near EMA 50/200 — breaking above and retesting them as support would strengthen the bullish case.
The chart shows a potential bullish reversal setup.
Price is consolidating around the marked support level (~$65–$66).
🔹 Key Technicals:
EMA 50 (red line) is at ~$67.48 — currently acting as near-term resistance.
EMA 200 (blue line) is at ~$66.79 — price is hovering just below this, indicating the area is a pivot zone.
The 200 EMA is flattening, suggesting the strong downtrend is slowing.
🔹 Price Structure:
The pattern projects a potential bounce from the support zone with two upside targets:
1st Target: $72.13
2nd Target: $77.28
The path drawn shows a possible retest of support before launching upwards.
🔹 RSI:
RSI is around 43.94, indicating momentum is neutral to slightly oversold — this supports the idea of a rebound if buying pressure returns.
✅ Summary:
Bias: Early bullish reversal.
Key Zone: Hold above $65–$66 support.
Upside Targets: $72.13 and $77.28.
Watch: Reaction near EMA 50/200 — breaking above and retesting them as support would strengthen the bullish case.
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Join My Official Channel Link
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。