Hello,
Last Friday, the price tested a support level at 1946 and then rose to a new Day high of 1963.56. Looking at the overall trend on the daily chart, it appears to be bullish. The simple moving average (SMA) is neutral in the short to medium term but bullish in the long term. On the other hand, the exponential moving average (EMA) suggests a bullish trend, especially with the recent crossover of the 5EMA, 10EMA, and 20EMA.
Considering this mixed picture, there could be a potential price drop before another rise, but it's not guaranteed. Right now, we should keep an eye on two important levels: the support at 1946 and the new day high level at 1964. If the price breaks and holds above 1964 or below 1946, it may signal further growth or a drop.
Remember, trading always involves risk, and no analysis can predict the future with certainty. It's essential to use risk management techniques and stay informed about market events that could influence the price. Good luck with your trading!
If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.
TradeWithTheTrend3344
Bullish targets:
1965.685
1969.505
1973.326
1984.786
Bearish Targets:
1954.225
1950.404
1946.841