Generally, the direction is uptrend
Summary: Based on our analysis, the price has recently shown an upward movement. However, we anticipate a short corrective phase due to overbought conditions or potential profit-taking. Following this correction, the price is expected to resume its upward momentum and approach the resistance level at 21,020, which aligns with previous resistance zones or key technical levels.
Once this resistance is tested or around it, we foresee a strong decline, possibly driven by bearish pressure, market sentiment shifts, or the presence of significant selling orders at this level.
Uptrend Side: The price currently requires renewed positive momentum to stabilize above the 21020 to touch 20215.
Downtrend Side: Conversely, if the price trades below 21,020, it indicates a bearish shift. This movement is expected to lead to a correction toward the support level at 20,865. Breaking below 20,865 would confirm stronger bearish momentum, likely driving the price further down to targets at 20,715 and 20,550.
Tendency Keys: 20865