Uptrend Side: The price increased due to the Q3 earnings impact and has stabilized above the strong zone between 20,480 and 20,560. As long as the price trades above this zone, it is likely to rise towards the last resistance at 20,700, with a potential new high at 20,800.
Downtrend Side: The price is expected to undergo a strong bearish correction, needing to break through the zone between 20,480 and 20,560 with a 1-day candle close, to decline further and reach the support level at 20,420.
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