Price was moving inside a falling wedge pattern (lower highs & lower lows, but narrowing range). • Wedge Support: ~1.20 – 1.40 • Resistance Zone: ~2.30 – 2.50
📈 Bullish Signal: Price is trying to break above wedge resistance. • Weekly close above 2.50 can start strong upside momentum. 🎯 Next major targets: 3.50 – 4.20 – 5.00 ⚠️ If rejected from resistance, price may retest lower support again.
🚩 Bear Flag / Descending Channel • Flag resistance: 60.5 – 62.0 • Flag support: 56.0 – 56.5 • Price is near lower channel support 📉 Break & close below 56.0 → continuation drop toward 54 → 52 📈 Temporary bounce from support → pullback to 59 – 60, trend still weak
⏳ Bias remains bearish until channel breaks upward