Complete market analysis shared with you!
This is an analysis with our personal trading tools and does not constitute financial advice, only for educational purposes & contribution to the community!
Current Price: $95,080.00 ▼
Local Trend: Bearish (Corrective)
Technical Analysis
* Market Structure:
* Order Blocks (OB): A bearish mitigation OB is identified at $97,200 - $98,500. The price has reacted downwards after failing to consolidate the psychological level of $100k.
* Fair Value Gaps (FVG): There is a liquidity gap (FVG) pending to fill in the range of $93,400 - $94,200. The price tends to seek these inefficient zones.
* Liquidity: External liquidity accumulated below the lows of $93,000 (Sell-side Liquidity).
* Moving Averages (EMAs):
* EMA 8/21: Bearish crossover detected in 1H timeframe. The price is trading below both, now acting as dynamic resistance.
* EMA 200 (Macro): It remains on an upward slope (approx. $84,500), indicating that the larger trend is still bullish, but we are in a necessary pullback phase.
* Itaku Algorithms (NWE & Smoother):
* (NWE): The price has pierced the upper band and is returning to the center of the channel. Signal of exhaustion of the immediate bullish momentum.
* Itaku Smoother: Has changed from green to neutral/gray, confirming the loss of buying momentum.
* Oscillators & Volume:
* RSI: It is at 46.20, exiting overbought territory. There is room to fall to 30-35 before finding a technical floor.
* MACD: Histogram in negative territory with signal line crossover downwards.
* VWAP: The price is trading below the weekly VWAP, reinforcing the intraday bearish bias.
