market is again showing bull run....... and the target is 2031$
The price has rebounded from a recent low of 1,384.00 and is currently at 1,794.89, showing a strong bullish candle recently.
The previous high marked is 2,860.99.
The overall trend has been bearish until recently, followed by a possible reversal.
Indicators Used
1. Parabolic SAR (yellow dots)
Dots are now below the candles, signaling a potential uptrend.
Previously, dots were above the candles, indicating a downtrend.
2. MACD (Moving Average Convergence Divergence)
MACD Line (blue): 36.75
Signal Line (orange): -88.41
Histogram is green and rising — indicating bullish momentum and a possible MACD crossover.
The DIF (MACD - Signal Line) is -51.66, still negative but improving.
3. Stochastic RSI
Stoch RSI: 96.14
MA of Stoch RSI: 94.19
Values above 80 mean it’s in the overbought zone — suggesting the asset might be temporarily overextended to the upside.
Summary
Short-term trend: Turning bullish.
Momentum: Strengthening (MACD crossover forming).
SAR: Bullish signal.
Stoch RSI: Overbought (possible short-term pullback or consolidation).
Support/Resistance: Support around 1,384. Resistance could be near 2,038 or higher.
