

The asset’s chart predominantly shows a sideways trend, with recent movements indicating a bearish tendency marked by a sharp decline. Several significant candlestick patterns, as well as MACD and volume analyses, underscore this trend.
Support and resistance levels are clearly defined, providing pivotal points for traders to consider in planning their strategies.
Several large bearish candles indicate strong selling pressure, particularly around the most recent price drop.
There are multiple doji and spinning top candles in the sideways movement segments, suggesting indecision.
Recent movement shows a bearish tendency with a sharp decline accompanied by periods of volatility.
The MACD line is below the Signal line, indicating a bearish crossover.
The histogram shows increasing negative values, suggesting growing bearish momentum.
No clear divergences visible between price and MACD, confirming current price movement.
Volume spikes align with the recent downward price movement, suggesting strong selling interest.
Increased volume during price decline supports the bearish trend.
Notable volume increase during the sharp decline, possibly indicating institutional selling.
Support is around 88,000, which served as a base for previous rebounds.
Resistance is around 92,000, where the breakout failed and reversed.
Break below support may accelerate the bearish trend; holding above support provides potential for reversal.
Strategy: Sell/Short near 92,000 resistance if the price shows rejection.
Strategy: Buy if price stabilizes and forms reversal patterns over key support at 88,000.
Monitor for potential bullish signals or reversal patterns near support and watch for confirmation of bearish continuation if support fails.



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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
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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.
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.