

The asset is showing signs of recovery as it attempts to establish a new uptrend.
Current technical indicators suggest potential bullish momentum.
There doesn't appear to be any strong, classic candlestick patterns like a bullish engulfing or doji recently.
The trend seems to be forming a potential higher low, which could indicate a possible short-term uptrend.
Key breakout zone around 4120, aligning with previous resistance levels.
There's a recent bullish crossover of the MACD line over the Signal line, suggesting potential bullish momentum.
The MACD histogram is in positive territory, indicating increasing bullish momentum.
No significant divergences between MACD and price action at this time.
Volume has been relatively steady with no major spikes recently.
Volume does not strongly confirm the bullish move; a stronger volume would be ideal.
No unusual volume spikes observed recently.
Key support around 4040, acting as a recent floor.
Key resistance around 4120, if broken, could lead to further upside.
The asset is attempting to recover from previous declines and establish new uptrend levels.
Consider buying if the price breaks above 4120 with strong volume.
Watch for confirmation through continuation patterns or significant volume spikes.
Monitor for potential reversal signals if price struggles to break resistance.



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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.