Technical Analysis (4H):
1. Current price: €3.4509
2. Range of the last 24h:
Maximum: €3.5828
Minimum: €3.3600
3. Moving Averages (MA):
MA(7): €3.4356 (below the current price)
MA(25): €3.4100
MA(99): €3.3848
This indicates a recent bullish trend, as the price is above all the major moving averages.
4. MACD:
MACD: 0.0096
Signal: -0.0034
DIF: 0.0062
The MACD is crossing above its signal line, which confirms bullish momentum.
5. Volume: The volume has increased in the last green candles, and there is a peak coinciding with the recent maximum of €3.5828. This suggests buying strength, although the last red candle shows some profit-taking.
6. Current candle:
Retracement after touching €3.5828
Inverted hammer shape: signal of rejection of higher price or exhaustion.
