US30 Bulls Attempt Another Breakout

Market Analysis – April 4

US 30 has experienced difficulty breaking above the resistance level of 34209.0. After the price dropped below the 34209.0 resistance level in April, the market has not been able to recover. Multiple attempts to bridge the resistance level have failed. The Buyers are ascending once again to attack the same resistance level.

US30 Key Levels

Demand Levels: 28675.0, 30171.0, 31718.0
Supply Levels: 34209.0, 35551.0, 37007.0

US30 Long-Term Trend: Bullish

In April, The Stochastic indicator revealed the market was oversold at the test of the 35551.0 supply level. The market displayed a significant reaction as the price declined immediately below 34209.0. The buyers tried to recover immediately in May. A rejection candle hammered the 32751.0 key level to show the willingness to recover. The persistent sellers drove the price deeper to 31718.0 after witnessing the attempt by the bulls. After a pullback above 32751.0, three black crows delivered the market to 30171.0. In August, there was another failed attempt to shoot above the 34209.0 resistance level. At the test of the resistance level, the sellers were awakened. The bears drove the market aggressively to 28675.0

US30 Short-Term Trend: Bullish

Through November to March, the market consolidated between the significant levels of 34209.0 and 32751.0. The market dived to the liquidity region of 31718.0 to seek liquidity to engineer an ascent. The bulls are currently racing to the resistance level of 34209.0 to attempt a breakout

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.