

The asset’s chart reflects recent bearish trends. The established lower highs and lower lows imply a downward trajectory. The asset’s inability to form bullish reversal patterns signals continued bearish momentum.
The overall trend appears bearish with recent lower highs and lower lows indicating a downward trajectory.
There are several bearish candles showing momentum downwards. A potential downtrend continuation can be observed as there is no clear bullish reversal pattern like a hammer or bullish engulfing.
The region around 88,000-90,000 appears to have acted as a resistance zone previously, rejecting upward price movements.
The MACD line is below the signal line, indicating bearish momentum. The lines are converging, but there is no crossover yet.
The histogram is slightly negative, suggesting a continuation of bearish momentum, although the bars are becoming less negative, indicating decreased selling pressure.
No clear divergence between MACD and price action is apparent at this moment.
There was a significant spike in volume in the past, coinciding with previous price drops, suggesting strong selling pressure.
Reduced volume in recent candles implies weakening momentum, which may indicate a pause or potential reversal.
Large volume spikes previously align with downward price movements, showing institutional selling.
Around 86,000 appears to be a support zone, as price previously found buyers at this level.
The recent high near 90,000 serves as a resistance that the price failed to break.
No additional support and resistance levels are noted at this time.
Bears can hold positions with a stop loss just above the 90,000 resistance zone if bearish momentum continues.
A bullish MACD crossover could precede a potential upward move. Look for volume increase at support zones for buy signals.
Monitor for any bullish candlestick patterns forming at support levels, indicating a possible reversal.



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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.