Technical Overview

Trend Structure: The market exhibits a bullish trend, with higher highs and higher lows.

Moving Averages:

EMA7: $666.96

EMA25: $660.67

EMA99: $654.95 A bullish crossover between EMA7 and EMA25 suggests short-term upward momentum.

RSI (14): 39.74, indicating a neutral stance.

Stochastic RSI: 6.62, entering the oversold region, potentially signaling a buying opportunity.

MACD: -5.15, neutral, with no strong directional bias.

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🔑 Key Support & Resistance Levels

Support:

$620.00

$600.00

$587.42

Resistance:

$635.00

$640.00–$643.00

$650.00

A breakout above $650 could pave the way for a move toward $670 and beyond.

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📈 Trading Scenarios

1. Bullish Continuation (60%):

If the price maintains above $620, targets include $635–$643.

2. Consolidation (30%):

Price may range between $623 and $635, awaiting a breakout.

3. Bearish Reversal (10%):

A drop below $620 could lead to retesting lower support levels.