

The asset’s chart indicates a sideways movement with periods of both bullish and bearish trends.
Key price levels in the range should be carefully monitored for potential breakouts or breakdowns.
Volume spikes at these levels could signal institutional activity.
The candlestick patterns reveal a bullish reversal near the center with green candles following red ones.
The 4-hour chart displays a sideways trend with some consolidation after a recent uptick.
Resistance is visible around 25,750, and support is observed near 24,500 where selling intensified previously.
The MACD line is slightly below the Signal line, indicating mild bearish sentiment but with weak momentum.
The histogram hovering around zero reflects reduced bearish momentum, which may shift bullish with a crossover.
No significant divergences are detected; price and MACD are congruent.
A volume spike was noted as the price fell, signifying potential selling pressure or distribution.
The previous high volume during the downtrend highlights the need for caution as current volumes are average, lacking strong direction.
Unusual volume spikes near pivot points hint at institutional activity.
Support is strong at 24,500, a level that prevented further declines with buying pressure.
Resistance is evident at 25,750, where past upward surges met obstacles.
Monitoring these levels is crucial for identifying possible reversals or breakouts.
Consider long positions if the price breaks above 25,750 with significant volume, indicating a bullish trend.
A fall below 24,500 on high volume could suggest continuing bearish movement.
Holding is recommended due to the current sideways movement and lack of clear indicators.



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Smarttool Trading SC Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Smarttool Trading SC Limited is not a financial adviser.
Secured By SSL. Copyright © Axia Trade. All rights reserved. 2024
Company Information: This website (www.axiainvestments.com/) is operated by Smarttool Trading SC Limited, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD034. Smarttool Trading SC Limited is located at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.
Partner company Marketvalley Ltd provides business operation services for Smarttool Trading SC Limited, office address: Archiepiskopou Makariou III, 198 Marinos Court, 1st Floor, Flat/Office 13, 3030, Limassol Cyprus, registration number HE415749.
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: Smarttool Trading SC Limited 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.
Smarttool Trading SC Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Smarttool Trading SC Limited is not a financial adviser.