

The chart reveals a significant moment of analysis with current trends and patterns. Observations include key levels of support and resistance.
Utilizing MACD, volume, and candlestick patterns, traders can uncover potential market shifts.
There appears to be a potential hammer near the current price level, which could indicate a possible reversal from the recent downtrend.
The overall trend appears bearish, with a series of lower highs and lower lows.
A notable pullback zone is observed around the 88,000 level, which could potentially act as a short-term resistance.
The MACD line is below the Signal line, indicating a bearish crossover that has recently occurred, suggesting downward momentum.
The histogram is negative, supporting the bearish momentum. The contraction suggests that the bearish momentum may be slowing.
There does not appear to be any significant divergence between the MACD and price action at the moment.
There was a noticeable increase in volume during the recent price drop, confirming bearish pressure.
The increase in volume supports the bearish move, indicating strong selling interest.
Unusual volume spikes during downward price movement suggest potential institutional selling.
Key support is near 85,500, where price seems to be stabilizing. A break below this could lead to further declines.
Immediate resistance is around 88,000, followed by a stronger resistance zone around 90,000.
Consider waiting for a confirmed reversal signal (e.g., a sustained close above 88,000 and a bullish crossover on the MACD) before entering long positions.
If price breaks below 85,500 with sustained volume, it could be an opportunity to short or exit long positions.
Current holders should monitor price action around support and resistance levels for further clues.



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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.