Where can the price reach after the correction?
If the correction is successful and the uptrend continues, the price can target:
1. 61,300 - 61,350: According to the Bollinger Bands indicator, this represents the upper limit of the current range.
2. 61,500: It can be a next target if the price manages to break 61,350 and the upward momentum continues supported by higher trading volume.
3. 62,000: If the price exceeds 61,500 with strong momentum, it can target this level, which is an important psychological level and close to historical resistance.
Conclusion:
The price is bullish but a slight correction may occur soon.
After the correction, the price is expected to target 61,300 - 61,350 first, then 61,500 or higher if the momentum continues
