Descending Channel Breakout: Recent analyses have identified a descending channel on the 1-hour chart, with prices touching the lower trendline and bouncing back. A breakout above the upper trendline of this channel could signal a bullish reversal.
Morning Star Doji Formation: A completed Morning Star Doji pattern on the 1-hour timeframe indicates a potential trend reversal, suggesting that bullish price action may follow.
Support Zone Around 2,885 - 2,908: The price recently found support in this zone, suggesting possible buyer interest. A V-shaped recovery is anticipated, indicating a potential bullish reversal.
Morning Star Doji Formation: A completed Morning Star Doji pattern on the 1-hour timeframe indicates a potential trend reversal, suggesting that bullish price action may follow.
Support Zone Around 2,885 - 2,908: The price recently found support in this zone, suggesting possible buyer interest. A V-shaped recovery is anticipated, indicating a potential bullish reversal.
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