$AI16Z has successfully broken above a key descending resistance line, signaling a potential major trend reversal after a prolonged downtrend.
After the breakout, the price is now testing a minor resistance zone. Holding above this zone could open the door for a strong upside move toward the next higher targets (highlighted in blue).
The structure looks bullish as long as price stays above the minor resistance area.
DYOR, NFA
After the breakout, the price is now testing a minor resistance zone. Holding above this zone could open the door for a strong upside move toward the next higher targets (highlighted in blue).
The structure looks bullish as long as price stays above the minor resistance area.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.