1 ) Trendline - Broke below the uptrend line .. ( Bearish )
2) Support/Resistance - Formed higher high ( Bullish )
2) Support/Resistance - Formed higher high ( Bullish )
3) MACD -Bearish Crossover with MACD 4G5R ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 50% (Bearish) ,
4) RSI - Broken below 50% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku - a) Price coming above from the support cloud (Bullish )
6) Ichimoku - a) Price coming above from the support cloud (Bullish )
b) Conversion line below the base line (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Formed a weak hammer on the Bollinger Band . Some possiblities to rebound from the bollinger band. But if further break down it will be walk on the below band which is enforce a stronger bearish downtrend.
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Formed a weak hammer on the Bollinger Band . Some possiblities to rebound from the bollinger band. But if further break down it will be walk on the below band which is enforce a stronger bearish downtrend.
Conclusion:
Bearish.. Broke the support at 1649 but able to sustain at the bottom bollinger band . If break below the bollinger band will indicate further bearish..
Resistance- 1649 / 1668 /1681 /1725
Support - 1621 / 1600 / 1594 / 1581
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