📊 Current situation
• Price: ~ 0.2067 USDT (+33% per week).
• Trend: strong Breakout after a long consolidation.
• SMA:
• Short -term (red, ~ 0.1236 and 0.1592) was pierced → confirms the change of trend.
• Green (SMA #2) also below the price → bull signal.
• MacD: heavily growing histogram, MacD line above the signal → growth moment.
• RSI: ~ 70 → enters the purchase zone, but not yet extreme (no divergence).
⸻
📈 levels of support and resistance
• Support:
• 0.1592 (last Breakout Level).
• 0.1236 (strong zone of previous consolidation).
• resistance:
• 0.2347 (nearest resistance).
• 0.3374 (key resistance from higher intervals).
⸻
🧐 Interpretation
• We have a confirmed upward trend - the price has pierced the relegation line (yellow trend line) and the SMA broke.
• Momentum is growing (MacD, RSI, volume).
• However, RSI signals the possibility of short -term correction if the price hit 0.2347.
⸻
🔮 Scenarios
1. Bycza (more likely)
• If we keep it above 0.1592, possible attacks on:
• 0.2347 → Then even 0.3374.
• A good chance of continuing the trend within the average time.
2. Bear (correction)
• a decrease below 0.1592 → correction to 0.1236.
• Only a breakdown 0.1236 will negate the current upward trend.
• Price: ~ 0.2067 USDT (+33% per week).
• Trend: strong Breakout after a long consolidation.
• SMA:
• Short -term (red, ~ 0.1236 and 0.1592) was pierced → confirms the change of trend.
• Green (SMA #2) also below the price → bull signal.
• MacD: heavily growing histogram, MacD line above the signal → growth moment.
• RSI: ~ 70 → enters the purchase zone, but not yet extreme (no divergence).
⸻
📈 levels of support and resistance
• Support:
• 0.1592 (last Breakout Level).
• 0.1236 (strong zone of previous consolidation).
• resistance:
• 0.2347 (nearest resistance).
• 0.3374 (key resistance from higher intervals).
⸻
🧐 Interpretation
• We have a confirmed upward trend - the price has pierced the relegation line (yellow trend line) and the SMA broke.
• Momentum is growing (MacD, RSI, volume).
• However, RSI signals the possibility of short -term correction if the price hit 0.2347.
⸻
🔮 Scenarios
1. Bycza (more likely)
• If we keep it above 0.1592, possible attacks on:
• 0.2347 → Then even 0.3374.
• A good chance of continuing the trend within the average time.
2. Bear (correction)
• a decrease below 0.1592 → correction to 0.1236.
• Only a breakdown 0.1236 will negate the current upward trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.