1. Trend Overview (Multi-Timeframe Analysis)
Daily (D): Bullish
4H: Bullish
1H: Bullish
15M and 5M: Bearish
This shows strong upward momentum on higher timeframes, with only a minor intraday pullback or consolidation.
2. Price Action
Current Price: $3,387.50
Recent High: $3,438.16 (marked as resistance)
Immediate Support: $3,360.20
Consolidation Range: Between $3,360.20 (support) and ~$3,390–$3,400 (resistance zone)
Price appears to be consolidating near highs after a strong uptrend — typical bullish flag or pause before breakout behavior.
3. Key Support & Resistance Levels
Level (USD) Type Implication
3438.16 Resistance Key short-term high
3387.50 Price Current consolidation level
3360.20 Support Immediate and strong support
3330.12 / 3319.82 Support Zone Ideal pullback entry for buyers
3269.27 Support Deeper correction support
3222.94 / 3201.96 Support Zone Strong base zone from earlier trend
4. Market Structure
The chart shows a clear higher high and higher low structure.
A bullish breakout occurred from the base near $3,220–$3,270.
The rally paused near $3,438 and is now consolidating just below.
5. Candlestick Pattern Insight
Several small-bodied candles near current levels indicate indecision — a range-bound market likely awaiting a catalyst.
A breakout above $3,400 could trigger continuation toward or above $3,438.
6. Market Sentiment
Bullish Bias overall.
But caution in short term (15M/5M bearish) — could dip toward $3,360 or $3,330 before next leg up.
Trade Setup Idea (Hypothetical)
Bullish Scenario:
Entry: On breakout above $3,400
Stop-loss: Below $3,360
Targets: $3,438 → $3,460+
Pullback Buy:
Entry: $3,330–$3,320
Stop-loss: $3,300
Target: $3,390–$3,430