

The asset is experiencing a strong upward trend, demonstrating consistent higher highs and higher lows.
Recently, there has been a possible consolidation phase, indicating market indecision.
Investors should watch for a breakout above the current resistance level of 24,750 for further direction.
The chart shows a strong bullish trend from mid-August to late September, characterized by a series of higher highs and higher lows.
Recently, there is a formation resembling a potential correction or consolidation phase, with smaller candlesticks indicating indecision.
The price is nearing previous highs around 24,750, which could act as a resistance level. A breakout above this could signal further bullish momentum.
The MACD line is above the Signal line, indicating a recent bullish crossover.
The lines are converging, suggesting potential weakening momentum.
No significant divergence observed between MACD and price action at this time.
Volume has been relatively stable with occasional spikes.
A recent volume spike accompanied the move upwards around mid-September, supporting the bullish price action.
The previous volume spikes could indicate institutional involvement during major price movements.
The level around 24,750 is critical as it has been tested multiple times.
There is support at around 24,000, evident from prior price bounces.
Monitoring these levels is crucial for determining potential price movements.
Consider buying if the price breaks and holds above the 24,750 resistance, especially if supported by increased volume.
If the MACD shows a bearish crossover and the price fails to breach resistance, a retracement towards lower support levels is possible.
Current holders may continue holding as long as the bullish structure remains intact above key support levels.



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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.