

The chart depicts a series of bearish candles, interspersed with small-bodied bullish ones. A hammer-like candle suggests potential buying pressure at the lows.
The overall trend remains bearish with lower highs and lows, but there’s a potential for a reversal or pullback.
The chart shows a series of bearish candles with occasional small-bodied bullish candles.
Notably, there's a hammer-like candle at the low point, suggesting potential buying pressure.
The trend is clearly bearish with lower highs and lower lows, with recent signs of a potential reversal.
The MACD line is below the Signal line, indicating a bearish trend.
The lines are converging, suggesting a potential bullish crossover in the near future.
The MACD histogram is negative but showing decreasing red bars, indicating weakening bearish momentum.
There is a noticeable increase in volume during the recent decline, supporting the bearish trend.
The increased volume on the recent downtrend supports the bears, but the volume spike during the hammer candle suggests possible institutional buying.
A significant spike during the attempt to reverse suggests increased interest at lower price levels.
Current support is around 108,000, where buying pressure has been detected.
Resistance is expected near 114,000, where the recent uptrend failed previously.
Breaking below the support may lead to further downside, while a move above the resistance could signify a trend reversal.
Consider buying if a bullish crossover on the MACD is confirmed and the price moves above the 114,000 resistance with strong volume.
Continue to hold bearish positions if the price falls below 108,000 with increasing volume.
For current holders, closely monitor the MACD for a bullish crossover signal and watch for a confirmation of support around 108,000.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.