Strong upward trend
The trend seems clearly bullish.
Price is holding above the 200-period exponential moving average (200 EMA).
As long as the price remains above 5112.60, which corresponds to the lower Bollinger band in addition to the channel median (see red cross), the uptrend is maintained.
In the event of a break below 5111.60, there is a high probability that the price will reach the support levels located at 4977.40 / 4922.20.
This analysis reflects my personal view and does not constitute financial advice.
Price is holding above the 200-period exponential moving average (200 EMA).
As long as the price remains above 5112.60, which corresponds to the lower Bollinger band in addition to the channel median (see red cross), the uptrend is maintained.
In the event of a break below 5111.60, there is a high probability that the price will reach the support levels located at 4977.40 / 4922.20.
This analysis reflects my personal view and does not constitute financial advice.
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