February 20, 2026 17:02
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This chart provides a comprehensive analysis of the asset’s current technical state. The recent price movements indicate a dominant market trend.
The asset is showing signs of potential shifts in momentum, requiring close observation for any changes in direction.
The overall trend appears to be sideways to slightly bearish, with recent downward momentum in price.
There is a potential bearish engulfing pattern followed by a series of red candles, indicating selling pressure.
The presence of long wicks suggests some buying interest but not enough to reverse the trend.
The MACD line is below the Signal line, indicating bearish momentum. However, both are relatively close, suggesting potential consolidation.
The histogram is negative and showing small bars, which suggest weakening bearish momentum. Watch for any changes that could signal a shift.
No significant divergences are observed between MACD and price action; both are aligned downward.
There have been consistent volume spikes during price declines, supporting bearish movements.
Spikes in volume, especially on down days, could indicate institutional selling.
Volume supports the current price decline, aligning with the bearish trend.
Key support is observed at $62. A break below this could lead to further downside.
Near-term resistance at $65, which needs to be broken for any potential bullish reversal.
Watching these levels will be crucial for assessing future price movements.
Given the bearish trend and volume confirmation, a cautious approach is advised. Consider a sell or hold strategy unless there are signs of reversal.
Look for confirmation signals such as a bullish crossover in the MACD or increased buying volume for any potential upside.
Watch for a break below $62 as it may trigger further selling pressure.
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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.
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.
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