Highlights
Description
Daily TF
The daily trend is bullish, with the last buyer impulse from 14.10.23 to 05.12.23. Buyers started a renewal from the level of 40222 on decreasing volumes, and now the price is returning to this level. We await the price at 40222 and observe the buyer's reaction. Slightly below this level is the discount zone of the bullish impulse (upper edge ~ 39640). In case the buyer defends the 40222 level, the priority is to look for buys aiming for 43475. If the 40222 level isn't defended by buyers, there's a high chance of price decrease towards the buying zone with the upper boundary at 37649.
Hourly TF
On the hourly TF, there was a range with the lower boundary at 42821, from which the price broke downwards. There was an attempt by buyers to bring the price back into the range; however, the seller defended the breakout without initiating a downtrend yet. Buys can be considered upon the price's return to the range. If the seller triggers a downtrend (defending the break of 40222), sells can be considered with the target being a retest of the local minimum formed upon the breakout.
- Preference (buy/sell) - neutral
- There's no context for buys at the moment. Looking for sales in a daily uptrend without having a downtrend on the hourly TF is aggressive.
Description
Daily TF
The daily trend is bullish, with the last buyer impulse from 14.10.23 to 05.12.23. Buyers started a renewal from the level of 40222 on decreasing volumes, and now the price is returning to this level. We await the price at 40222 and observe the buyer's reaction. Slightly below this level is the discount zone of the bullish impulse (upper edge ~ 39640). In case the buyer defends the 40222 level, the priority is to look for buys aiming for 43475. If the 40222 level isn't defended by buyers, there's a high chance of price decrease towards the buying zone with the upper boundary at 37649.
Hourly TF
On the hourly TF, there was a range with the lower boundary at 42821, from which the price broke downwards. There was an attempt by buyers to bring the price back into the range; however, the seller defended the breakout without initiating a downtrend yet. Buys can be considered upon the price's return to the range. If the seller triggers a downtrend (defending the break of 40222), sells can be considered with the target being a retest of the local minimum formed upon the breakout.
Good luck with your trading!