- **4-Hour Chart Analysis**
- RSI is significantly oversold at 11.35, which usually suggests a price reversal might be imminent.
- The MACD line is under the signal line with a significant negative value, suggesting strong selling pressure.
- Prices are lower than the lower Bollinger band indicating that it is oversold.
- The immediate supports are at 28742, 28158, and 27529. If the price breaches these levels, further downward movement could be expected.
- The resistances are at 30494, 31500, and 32560. An upward price movement can be expected if these levels are breached.
- **1-Day Chart Analysis**
- The RSI of 7 shows extreme oversold conditions, which could hint at an upcoming price correction.
- The MACD is also significantly negative, again suggesting strong bearish momentum.
- Prices are trading below the lower Bollinger band, which generally indicates oversold conditions.
- Supports are set at 28143, 26924, and 25156, while resistances are at 29946, 30981, and 32976.
- **7-Day Chart Analysis**
- The RSI is 62.89, indicating that the asset is neither overbought nor oversold.
- The MACD is positive, suggesting bullish momentum in the long term.
- The price is trading within the Bollinger Bands, suggesting normal trading conditions.
- Supports are set at 28671, 24796, and 21393, while resistances are at 37721, 47700, and 51608.
Overall, short-term indicators suggest extreme oversold conditions and potential for a price rebound, whereas the long-term view is more bullish.
- RSI is significantly oversold at 11.35, which usually suggests a price reversal might be imminent.
- The MACD line is under the signal line with a significant negative value, suggesting strong selling pressure.
- Prices are lower than the lower Bollinger band indicating that it is oversold.
- The immediate supports are at 28742, 28158, and 27529. If the price breaches these levels, further downward movement could be expected.
- The resistances are at 30494, 31500, and 32560. An upward price movement can be expected if these levels are breached.
- **1-Day Chart Analysis**
- The RSI of 7 shows extreme oversold conditions, which could hint at an upcoming price correction.
- The MACD is also significantly negative, again suggesting strong bearish momentum.
- Prices are trading below the lower Bollinger band, which generally indicates oversold conditions.
- Supports are set at 28143, 26924, and 25156, while resistances are at 29946, 30981, and 32976.
- **7-Day Chart Analysis**
- The RSI is 62.89, indicating that the asset is neither overbought nor oversold.
- The MACD is positive, suggesting bullish momentum in the long term.
- The price is trading within the Bollinger Bands, suggesting normal trading conditions.
- Supports are set at 28671, 24796, and 21393, while resistances are at 37721, 47700, and 51608.
Overall, short-term indicators suggest extreme oversold conditions and potential for a price rebound, whereas the long-term view is more bullish.