Technical analysis for 25.01.2025
1. Beginning of the month. Relative to the previous period, high 3.21, low 2.251, we are in the middle.
2. What do I see from the previous month? - We gathered a position at the lows and went up, returned to the Long zone 2.778, as we know that the big players buy at the lows, not sell, right? If anyone didn’t know, I’m saying. Remember once and FOR GOOD: big players buy at the lows! They do not sell! Therefore, our nearest exit level is 4.312. The potential is limitless.
3. What do I see on the RSI D1? - The price has not yet reached oversold, but has created a divergence for Long, it is visible that the RSI and MA have turned upwards, and now these lines are crossing, after which there may be an impulse. Where is the impulse? In LONG!
4. Yesterday, the last day of the month, we tested the accumulation at 2.656 again, and did not break through, today the price is bouncing.
5. Is there any sense in going further down? NO! Why not? - Because the big players were already there and took everything, that’s their position, and they won’t give it back.
6. The mirror level 2.961 is currently holding, it is difficult to pass, but there is serious position gathering, and after breaking through 2.961 we will fly to 4.312.
7. Conclusion - LONG to 4.312, if we close HIGHER, and do not notice that level, then Long continues to 5.67, but it will be difficult there.
8. But, I trade probabilities. If we close TODAY below 2.380, then it’s SHORT to 2.25
I made my choice: Long to 4.312. Why? I described it above.
