

The chart analysis for shows a complex interplay of market forces. Recent sessions have displayed potential reversals and persistent trends that traders should be aware of. Overall, the sentiment is cautious, with a need to closely monitor key levels.
Notable presence of a bearish engulfing pattern in the recent sessions indicates a potential reversal in the short-term uptrend.
Overall, the current trend seems sideways with a bearish tilt due to the recent sharp drop and rejection at higher levels.
The four-hour chart displays a slight bearish bias with attempts to rally being met with strong selling pressure.
The MACD line is crossing below the Signal line, signaling a bearish crossover which suggests downward momentum.
The histogram shows declining bullish momentum, indicating weakening buying pressure.
There is no clear divergence between MACD and price action currently; both are showing a bearish inclination.
Volume saw a significant spike during the recent price drop, indicating strong selling activity, likely contributing to the bearish candlestick formation.
The increased volume on the price decrease supports the bearish sentiment, validating the downtrend movement post-failed breakout.
Unusual volume spikes suggest potential institutional selling activity, aligning with the price drop.
Key support level appears around the 105,000 mark; any breakdown below this could exacerbate the bearish sentiment.
Resistance is strong at around 112,000, as observed from the recent rejection, further asserting its validity.
There are signs of a breakout attempt above 112,000, but it was unsuccessful, leading to a pullback.
Consider selling or shorting if the price breaks below the 105,000 support level with confirmation from volume.
Investors may hold if securely above 105,000, watching for any reversal candlestick patterns.
Watch for a confirmation of bearish bias through continued lower lows and lower highs.



Welcome to our trading site! We offer the best, most affordable products and services around. Shop now and start finding great deals!
Subscribe to our newsletter to stay informed about our latest products, services, and promotions.
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.
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.