Main reading frameworks (annual, semi-annual, quarterly):

Prices are facing significant downward pressure from the control of consecutive upstream supply areas (annual, semi-annual and quarterly supply), which has forced prices to continue to fall over the past period.

Monthly frame:

Looking at the monthly frame, we see that the price is currently based on a very weak uptrend (as it is a flat trend). Price is currently testing the monthly demand area.
Weekly frame:

At this point, the details of the movement become clear. Buyers lose upward momentum (LOSING STEAM) and prices begin to move downward (TRY TO MOVE DOWN), targeting the area of ​​strong buyer demand below. The uniqueness of the weekly demand area is its perfect overlap with the monthly demand area, whose evaluation is considered excellent considering the previous strong price explosions that started with it.
in conclusion:

We are now faced with overlapping demand areas (monthly and weekly) and reviews are very good due to price explosion…

Disclaimer: This technical analysis is based on reading price movements and supply and demand levels on the attached chart and does not in any way represent financial advice or a definite invitation to buy or sell. Trading in financial markets involves a high level of risk, and your investment decisions are made at your own risk.

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