

The asset’s chart has shown notable movements in recent days.
There is a potential shift in trend indicated by various technical indicators.
Investors should pay close attention to breaking levels for future direction.
The chart shows several red candlesticks indicating a recent downtrend.
A potential hammer-like candlestick towards the end suggests a possible reversal, as it has a long lower shadow indicating buying pressure at lower levels.
The trend appears to have been bearish recently, with lower highs and lower lows.
The MACD line is below the Signal line, indicating ongoing bearish momentum.
However, they are converging, possibly signaling a future bullish crossover.
The histogram shows decreasing bearish momentum as the bars are contracting.
An increase in volume accompanies the recent downward move, suggesting strong selling pressure.
There's also a volume spike on the recent upward move, indicating buying interest at lower levels.
The increased volume at lower prices supports the possibility of a short-term reversal or at least a pause in the downtrend.
Support is around 24,000, which has been tested recently and held, suggesting strong buyer interest.
Resistance levels are between 24,400 and 24,500.
Breaking this level could initiate a stronger upward move.
Consider a cautious buy if the price breaks above the current resistance zone with increased volume.
However, ensure a tight stop-loss given the overall bearish trend.
Watch for a confirmed MACD crossover and sustained movement above the 24,500 level as potential confirmation signals for a bullish 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.