The price is breaking out of a triangular consolidation that had been forming for over three months during the summer.
Near-term target: resistance zone around 3.40, which aligns with the top of the channel.
Mid-term outlook: potential development of a cup formation with resistance in the 6.50–7.50 range.
⚠️ Keep in mind that the asset remains volatile, and downside risks are still present — price action will largely depend on overall market conditions.
📌 A confirmed breakout and hold above 3.40 would significantly increase the probability of accelerated growth.
Near-term target: resistance zone around 3.40, which aligns with the top of the channel.
Mid-term outlook: potential development of a cup formation with resistance in the 6.50–7.50 range.
⚠️ Keep in mind that the asset remains volatile, and downside risks are still present — price action will largely depend on overall market conditions.
📌 A confirmed breakout and hold above 3.40 would significantly increase the probability of accelerated growth.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.