1. The penultimate candle:
- Price: Closed at 104,299.83 (+1.05%), reaching a weekly high of 109,588.00 and a low of 84,499.58.
- Signals:
- Sharp rise with violent fluctuations, indicating a struggle between buyers and sellers.
- Closing above MA7 (91,973.43) and MA25 (93,797.93) strengthens the bullish trend.
- The Stochastic indicator (K=80.43, J=115.95) indicates overbought conditions, which may warn of a near correction.
2. The last candle (expected):
- Price action: Shows a test of resistance at 109,588.0 followed by a retreat towards 104,299.83.
- Signals:
- Formation of a "Doji" candle or small candle (based on the difference between the high and low), reflecting market indecision.
- The average volume (Vol: 130K) does not support strong upward momentum, increasing the likelihood of continued correction.
- Long-term moving averages (MA99=62,268.71) are still far away, confirming that the overall trend is upward but needs a short-term correction.
Final assessment:
- 🟢 Partially positive:
- Price maintains levels above MA7 and MA25, supporting the continuation of the upward trend in the medium term.
- The failed breakout of the resistance at 109K shows strong selling pressure, warranting caution.
- 🔴 Partially negative:
- Overbought conditions (Stochastic indicator) and the formation of a reversal candle may warn of a corrective downward wave towards 93K (MA25).
🎯 Recommendations:
- For buyers, wait for a weekly close above 109,588 to confirm the resumption of the upward trend.
- For sellers: Monitor the break of 93,797 (MA25) to enter short-term bearish positions.
- Warning: Set a stop-loss order at 90K to avoid the risk of violent fluctuations.
