Based on the observation I've shared, Let's break down the chart says :
Trend Line: I noticed that there is a one-year-long trend line that was pierced on the 28th of June. This indicates that the price broke above the trend line, which can be interpreted as a bullish signal.
Higher Highs: I observed that the price has been forming higher highs from the previous swing low. This pattern of higher highs signifies a short-term bullish trend, indicating that buyers are currently in control.
Volumes: The volumes traded in the market seem to confirm the presence of strong participants. Higher volumes usually indicate increased activity and interest from traders and investors, further supporting the bullish case.
Rejection on Daily Horizontal Level (RD): It seems that the price encountered rejection at a daily horizontal level, suggesting the presence of resistance at that level. This rejection implies that there are sellers who are pushing the price down.
Considering these observations, it appears that there are both bullish and bearish factors influencing the market. Aggressive buyers may consider entering on a price dip if they believe the bullish trend will continue. Alternatively, some market participants may choose to wait for the price to breach the current high level for confirmation before entering.
Please remember that the information provided is solely for educational purposes and should not be construed as financial advice. It is always prudent to consult with a professional or financial advisor before making any financial decisions.
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
#NiVYAMi
Trend Line: I noticed that there is a one-year-long trend line that was pierced on the 28th of June. This indicates that the price broke above the trend line, which can be interpreted as a bullish signal.
Higher Highs: I observed that the price has been forming higher highs from the previous swing low. This pattern of higher highs signifies a short-term bullish trend, indicating that buyers are currently in control.
Volumes: The volumes traded in the market seem to confirm the presence of strong participants. Higher volumes usually indicate increased activity and interest from traders and investors, further supporting the bullish case.
Rejection on Daily Horizontal Level (RD): It seems that the price encountered rejection at a daily horizontal level, suggesting the presence of resistance at that level. This rejection implies that there are sellers who are pushing the price down.
Considering these observations, it appears that there are both bullish and bearish factors influencing the market. Aggressive buyers may consider entering on a price dip if they believe the bullish trend will continue. Alternatively, some market participants may choose to wait for the price to breach the current high level for confirmation before entering.
Please remember that the information provided is solely for educational purposes and should not be construed as financial advice. It is always prudent to consult with a professional or financial advisor before making any financial decisions.
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
#NiVYAMi
Order cancelled:
Enter before SL touch so I am avoiding this
