Despite the widespread crypto market downtrend, Solana (SOL), Terra (LUNA), and Avalanche (AVAX) led an altcoin rally over the weekend. Over the weekend, SOL gained 6%, while LUNA and AVAX both gained 5% to reclaim lost ground.
From the overview of price we could see that price is reacting to the resistance level between 134.0800 and 120.6950 in the form of a falling wedge which implies a reversal is about to take place. We could also see that price is in divergence with the RSI and MACD indicator which gives an added confirmation of price reversal.
The overall trend of price in AUDCAD is bearish. We could see that price has broken previous structure and making a pullback to the support zone between 0.91573 and 0.91255 which has a confluence between the FIBO golden retracement levels, the downward trendline, and the possible retest of the 50 EMA. The RSI and MACD are below the centreline which indicated that price is in a continuous downtrend.
Axis Securities has buy call on Uttam Sugar Mills NSE 0.53 % with a target price of Rs 257. The current market price of Uttam Sugar Mills Ltd. is Rs 219.75. Time period given by analyst is 4 weeks when Uttam Sugar Mills Ltd. price can reach defined target.
From the overview of price, we could see that the price of sugar has broken the resistance zone between 0.18242 and 0.18006 to the downside. We could also see from the RSI and MACD indicator that price is below the centreline which indicates price continuation to the downside.