Descending Channel: The price is trading within a downward channel, indicating a short-term bearish trend.
Upside Rejection: Attempts to break above the upper boundary near $59,000 failed, suggesting resistance.
Downside Target: If the price continues to follow the channel, it may target the lower boundary near $54,000.
Key Levels:
Resistance: $59,000
Support: $54,000
Outlook: Bearish momentum with potential downside extension towards the lower support zone. Watch for any break below $54,000 or above the channel for trend reversal signals.
__________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.