- **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.