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Current Frame Analysis (15 minutes)
trend
After a series forms, the short-term trend turns bullish:
Higher peak (HH)
Higher Low (HL)
A breakout of a Bearish Structure (BOS) is visible on the chart, which then continues to form new highs.
Buying momentum has been evident since the bottom in the 22.40 area.
support and resistance

first support

22.65 – 22.60

Main support

22.50 – 22.42
It is the order block shown at the bottom of the diagram.

first resistance

22.98 – 23.02
A clear horizontal level where the previous price was rejected.

second resistance

23.25 – 23.35

Strong resistance

23.45 – 23.60
The supply/order block display area appears at the top of the plot.
SMC – Smart Currency Concept
price structure
Rising BOS has been recorded.
Prices are currently moving towards liquid territory above recent highs.
There’s a mostly untested display area between:
23.25 – 23.55
possible situations
Attracting liquidity above current highs.
Then test the 23.00 area.
If penetrated, it will head to the supply zone above.
Volume overview

From the volume file shown:

Peak transaction volume (POC) is close to:
22.85 – 22.95

This makes the 22.90 area an important balancing point.

Stability is higher than it:

Positive.

Bottom closed:

Upward momentum weakens.
relative strength index

RSI is close to 70.

advantage:

Severe bleeding ulcers.
There is no confirmed reversal signal yet.

shortcoming:

Close to saturation.
There may be brief profit-taking before the rally is complete.
price action

The last candle:

Consecutive bullish candles.
Clear the lower shadow.
It indicates the uptake of sales and the existence of demand.

There are currently no confirmed bearish reversal candles.

art style
classic

There is something like this:

round bottom pattern
or
Small W-shaped reflection.

Technical goals lead to:

23.00 then around 23.30.
harmonic

The complete harmonic model is not visible from the current image.

Fibonacci

Approximate calculation of the last rising wave:

Expected goals:

23:00
23.25
23.50
bullish scenario
Entrance
Breakout and close above 23.00
Target
23.25
23.50
23.60
stop loss
22.58
risk reward ratio

About 1:2 to 1:3

bearish scenario

If the breakout of 23.00 fails and a strong rejection candle appears:

bearish target
22.65
22.50
22.40
stop loss
23.05 and above
Elliot Waves

It looks like the price is over:

Downward correction wave.

It might be in it now:

New driving wave(1 → 3)

A sustained rise above 23.00 supports this scenario.

Current technology recommendations

As long as it is above 22.50, we are cautiously optimistic.

Preferred purchasing area:

22.60 – 22.70

Target:

23:00
23.25
23.50

Stop loss:

22.40

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