Generally, the direction is changed to uptrend due to the U.S election pressure
Uptrend Side: The recent price movement indicates a potential uptrend, as it has surpassed multiple resistance levels amid volatility associated with the U.S. elections. Currently, the price has stabilized above 20,540 and is approaching the previous resistance at 20,700. Should it break this level, the next targets are 20,800 and 20,900. However, it's important to note that market conditions can change rapidly, especially during significant events like elections. Therefore, continuous monitoring and cautious trading are advisable.
Correction: the price may face the bearish trend toward until 20540.
Downtrend Side: We need the strong fall correction. Then it needs to break through all the support levels it broke from yesterday. The confirmed bearish trend is indicated by stabilizing below 19,990 with the closure of a daily (1D) candle.
Tendency Keys: 20540