DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

With That being said, let's get into it.

1 Hour Timeframe.

Using the 1h timeframe,we get to see a really clear view as to what's happening in the chart.

Starting our analysis with the previous trend line which was respected as a support zone multiple and several times.

But eventually, we broke the trend line acting as a support zone further going down and forming a new support zone. Though the trend line acting as a support zone was still respected but this time as a resistance zone.

There's currently a strong break out thankfully which leads to a bullish movement. We're currently based on a resistance zone after going on a bullish movement.

Being based on the resistance zone, we can either expect to go further up or eventually bounce a little back to the nearest support zone.

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Until next time, Peace.