1. General trend
The current trend appears bullish in the short term, especially after breaking the previous resistance level at 99,200.06.
Exponential moving averages:
EMA(7): 100,450.35 (yellow) is above EMA(25): 99,200.06 (pink), indicating strong bullish momentum.
EMA(99): 97,216.83 (purple) is below the current price, supporting the uptrend.
2. Technical indicators
MACD:
The signal line (DEA) and the MACD line are showing a positive crossover, with the histogram rising, indicating strong buying momentum.
MACD value: 414.81.
Volume:
There is an increase in trading volume with green candles, reflecting buyers' interest.
3. Supports and resistances
Strong support: 96,603.88 (matches previous low).
Strong resistance: 102,286.44 (previous high).
4. Recommendation
Buy: If the rise continues above 101,888.
Caution: If the price breaks the support at 99,445.16, it may indicate the beginning of a downward correction.
If you are planning to enter or exit a trade, it is always best to use a stop loss and manage your money carefully.
