Trend:** Trading inside a **downward sloping channel** → short-term bearish bias.
Resistance:** 24,350 – 24,500 (channel top).
Support:** 24,100 – 23,900 (channel bottom).
RSI:** \~47 → below neutral, showing mild bearish momentum.
Volume:** Flat overall, sellers slightly stronger on down moves.
**Outlook:**
* Likely bearish toward **24,100 → 23,900** unless price breaks above **24,500** with strong volume.
* Breakout above 24,500 = possible rally to **24,700 – 25,000**.
👉 Current bias: **Bearish within the channel**.
Resistance:** 24,350 – 24,500 (channel top).
Support:** 24,100 – 23,900 (channel bottom).
RSI:** \~47 → below neutral, showing mild bearish momentum.
Volume:** Flat overall, sellers slightly stronger on down moves.
**Outlook:**
* Likely bearish toward **24,100 → 23,900** unless price breaks above **24,500** with strong volume.
* Breakout above 24,500 = possible rally to **24,700 – 25,000**.
👉 Current bias: **Bearish within the channel**.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.