

The chart presents a comprehensive view of the current market dynamics.
Both candlestick and technical indicators are analyzed to determine the potential direction of the asset.
Key support and resistance levels have been identified.
There is a noticeable bearish candlestick on the far right, indicating selling pressure.
A potential hammer candlestick has formed at the recent low, suggesting a possible reversal if followed by bullish confirmation.
The chart currently shows a bearish trend with a series of lower highs and lower lows.
A bearish crossover has occurred where the MACD line crosses below the Signal line, indicating bearish momentum.
The histogram shows increasing negative values, which confirms strong bearish momentum.
There is no significant divergence observed between the MACD and price action at this time.
An increase in volume coincides with recent price declines, supporting bearish momentum.
The volume spikes suggest potential institutional selling, reinforcing bearish sentiment.
The overall volume trend supports a sustained bearish outlook on the asset.
Key support is around 107,000; a breach below this level could lead to further declines.
Resistance is apparent around the 110,000 level, previously acting as support.
The next resistance above 110,000 will be closely monitored for potential breakout scenarios.
Consider short positions if support at 107,000 fails.
Look for bullish reversal signals above 107,000 for a potential buy.
Watch for a reversal pattern confirmation above 107,000 or further decline below this level as a sell signal.



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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
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.