Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
In the daily timeframe, the price consolidates below the green line of the ascending price channel, with a target level 5908. This likely indicates preparation to break through resistance levels, aiming for continued growth toward the upper boundary of the price channel around the 6318 mark.
The Marlin oscillator's signal line is still declining, so we are not rushing ahead but are preparing for a bullish scenario.
On the four-hour chart, the key signal for a trend reversal to the upside is the Marlin oscillator's signal line, which shows readiness to break out of its descending channel and move further into bullish territory.
Marlin may confirm this breakout if the price consolidates above the signal level of the nearest peak, 5877.95. A sustained move above 5908 would allow the price to also break above the MACD line, which is above the price channel's upper line.
There are multiple resistance levels, so a rapid rally is not expected — but the technical structure suggests that upside potential is building.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
