On the presented C3.ai (NYSE: AI) 4-hour chart, the price is currently consolidating around $17 after a strong decline from levels above $30. Recent candles show an attempt to defend this support area, which may suggest the formation of a local bottom.
The moving averages (short- and long-term) are still pointing downward, reflecting the prevailing bearish trend. However, the fact that the price has stopped falling and has not made new lows opens the possibility of a technical rebound. Additionally, the $17 level seems to be an important psychological and historical support, which increases the chances of a demand reaction.
A bullish scenario toward $30 would first require breaking above the nearest resistance in the $19–20 range, which used to act as support but has now turned into resistance. If this breakout succeeds, the next target for buyers would be the $23–25 zone, and only after breaking through that area would there be room for a test of the stronger psychological barrier at $30.
In summary – although the medium-term trend remains bearish, the current slowdown around $17 and possible consolidation could serve as a starting point for a rebound. The key will be holding support and breaking above the nearest resistance levels. In such a scenario, the upside target would be $30.
Potential TP: 30 USD
The moving averages (short- and long-term) are still pointing downward, reflecting the prevailing bearish trend. However, the fact that the price has stopped falling and has not made new lows opens the possibility of a technical rebound. Additionally, the $17 level seems to be an important psychological and historical support, which increases the chances of a demand reaction.
A bullish scenario toward $30 would first require breaking above the nearest resistance in the $19–20 range, which used to act as support but has now turned into resistance. If this breakout succeeds, the next target for buyers would be the $23–25 zone, and only after breaking through that area would there be room for a test of the stronger psychological barrier at $30.
In summary – although the medium-term trend remains bearish, the current slowdown around $17 and possible consolidation could serve as a starting point for a rebound. The key will be holding support and breaking above the nearest resistance levels. In such a scenario, the upside target would be $30.
Potential TP: 30 USD
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.