The price is currently following a bearish trajectory, targeting a level of 4997. It is essential for the price to close a 4-hour candle below this level to continue the downtrend towards 4953.
Stabilizing the price below 5054 will reinforce the bearish trend, potentially leading to price levels of 5021 and then 4997. Therefore, the expected range of movement could be significant until the weekly candle closes. Additionally, it is possible for the price to reach the resistance line at 5080, which would occur if the price breaks through the 5054 barrier.
Pivot Line: 5054
Resistance Levels: 5080, 5104, 5138
Support Levels: 5021, 4997, 4954
Today’s expected trading range is between the support at 4997 and the resistance at 5080.
Stabilizing the price below 5054 will reinforce the bearish trend, potentially leading to price levels of 5021 and then 4997. Therefore, the expected range of movement could be significant until the weekly candle closes. Additionally, it is possible for the price to reach the resistance line at 5080, which would occur if the price breaks through the 5054 barrier.
Pivot Line: 5054
Resistance Levels: 5080, 5104, 5138
Support Levels: 5021, 4997, 4954
Today’s expected trading range is between the support at 4997 and the resistance at 5080.
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