

The chart for Asset shows notable price movements and patterns. Clear trends are visible with potential areas of interest for traders. Asset is currently in focus due to these technical indicators.
The chart shows a bullish trend initially, followed by a retracement. Notable patterns include potential bullish engulfing around the end of the downtrend.
The overall trend was initially bullish with a breakout upwards, followed by a clear downward pullback, and currently appears to be recovering and moving sideways to bullish.
The price initially broke out upwards around mid-January but pulled back from the peak near 1.20500. Recent price action suggests a possible recovery from the pullback.
The MACD line is crossing above the Signal line, suggesting a bullish crossover.
The histogram is moving towards positive territory, indicating increasing bullish momentum which supports the bullish sentiment.
There doesn't appear to be a clear divergence between MACD and price action indicating an alignment with the current price trend.
Volume increased during the initial bullish breakout, supporting the upward price movement. The current volume appears relatively average without significant spikes.
Current rise in price is not backed by a significant increase in volume, which might indicate hesitance in the market.
No unusual volume spikes are visible at the moment, suggesting a lack of strong institutional activity.
Key support appears to be around 1.17500, which has held during the pullback.
Resistance is near the recent highs around 1.20000–1.20500, where previous attempts have failed.
Consider buying if price consolidates above 1.19000 with supportive volume.
Be cautious near the 1.20000–1.20500 resistance area unless a clear breakout occurs.
Holding might be advisable for those already long, provided the bullish momentum continues and price stays above 1.17500.



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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.