

The asset chart presents an intricate picture with overlapping patterns. Currently, it’s in a consolidation phase following a downward trajectory from its peak. The interplay of different indicators warrants close monitoring for future trends.
The chart shows a mix of candlestick patterns with no strong bullish or bearish formations visible currently. Previously, a series of bearish candles suggest significant selling pressure.
The trend is displaying a downward movement from the recent peak, followed by a consolidation phase indicating a possible sideways action.
Watch for a breakout above the recent consolidation highs near 4000 for a potential bullish move or a breakdown below 3950 for further bearish action.
The MACD line is close to the Signal line, suggesting limited momentum currently. There was a bearish crossover earlier, which aligns with the recent downward trend.
Currently, the histogram is slightly negative, indicating bearish momentum is prevalent but diminishing.
No significant divergences observed between the MACD and price.
Volume has decreased during the recent consolidation, suggesting reduced trader activity and potentially highlighting a pause in selling pressure.
Earlier downward movements were supported by high volume, confirming bearish sentiment during declines.
No unusual volume spikes currently; watch for volume increases to confirm directional moves.
Around 3950, providing a potential floor for prices.
Near 4050, marking the recent high barrier.
Breaking either of these levels with volume could signal a significant move.
Consider buying if price breaks above 4050 with increased volume, suggesting a potential reversal to the upside.
Watch for a break below 3950 for potential selling opportunities if confirmed by rising volume.
It may be prudent to wait for a clearer direction to arise from current consolidation before making a decisive move.



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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.