📊 Technical and Fundamental Analysis of the Chart Including Indicators
1️⃣ General Trend (Trend)
The red line indicates that the general trend at the end of the chart is strongly downward.
The recent peaks are lower than the previous peaks, which means that sellers are in control.
2️⃣ Support
There is a very low bottom at the beginning of the chart (left side), which may act as a support area if the price returns to the same level.
Strong support is usually at previous bottoms where the decline stopped before.
3️⃣ Resistance
Any attempt to rise will face resistance at the last peak before the recent decline (approximately in the middle of the right side of the chart).
If it does not break this resistance, the rise will be weak and temporary.
4️⃣ Potential Reversal Signals
Currently, there is no clear "reversal pattern" like the Hammer or Double Bottom.
For a real rise to occur, the price must form a stable bottom with high trading volumes.
🔮 Forecast
Short-term: There is a possibility of continued decline or fluctuation before any rise.
Medium-term: If the price holds at a strong support area and reversal candles start appearing, a bullish rebound can be expected.
Long-term: A rise requires breaking the main resistance with high trading volume.
