Simple Analysis:
Price is currently at a resistance zone (~$3,335).
Two possible outcomes are drawn:
Bullish scenario: Break above current resistance → move toward the next resistance (~$3,500+).
Bearish scenario: Rejection from current resistance → fall back to the support zone (~$3,240).
EMAs:
50 EMA (red) is above 200 EMA (blue) = bullish bias, but price must break resistance to continue upward.
Summary:
Watch for a breakout above ~$3,335 for bullish continuation, or a rejection for a potential drop to support near ~$3,240.