📈 Trend and price structure
• The price has just been above the downward trend line (yellow line), which suggests the potential reversal of the trend to the upward.
• Breaking was strong - a candle with a large growth volume and an increase +9.13%, which emphasizes the pressure of buyers.
⸻
🔍 levels of support and resistance
• resistance:
• ~ 2342 USDT - a clear level of resistance (green line) - may be the target for the next upward movement.
• 2246.8 USDT - first resistance to overcome.
• Support:
• 2111.7 USDT - level of local support after struggling (earlier resistance).
• 2048.8 USDT - SMA #1 (red medium), can be support at the back.
• 1945.5 USDT - strong support in the form of long -term SMA (blue line, SMA #5).
⸻
📊 Technical indicators
✅ MacD (below)
• The MacD line cut the signal line up - buy signal.
• The histogram is growing, which confirms the growth moment.
✅ RSI
• RSI has bounced from level 40 and is currently above 60 - it suggests upward momentum, but it is not yet purchased, so there may be room for further growth.
⸻
✅ Medium walking (SMAS)
• The price was pierced by SMA #1 (red) and SMA #2 (green) with impetus, which means a change in sentiment.
• If it stays above these medium - a bull signal.
• SMA 50 (green)> SMA 200 (blue) = potentially a golden cross is formed on a longer TF.
⸻
📌 Summary - technical scenario:
🐂 Bycza scenario:
• If the price lasts above 2111.7 USDT, it may continue to increase to USDTt and further up to $ 2,342.
• Confirmation will be the continuation of growth on MacD and RSI over 60-70.
🐻 Bear scenario (threats):
• If the price drops below 2048 USDT, possible correction up to 1945 USDT.
• RSI returning below 50 and Macd Cross down would be a reversal signal.
• The price has just been above the downward trend line (yellow line), which suggests the potential reversal of the trend to the upward.
• Breaking was strong - a candle with a large growth volume and an increase +9.13%, which emphasizes the pressure of buyers.
⸻
🔍 levels of support and resistance
• resistance:
• ~ 2342 USDT - a clear level of resistance (green line) - may be the target for the next upward movement.
• 2246.8 USDT - first resistance to overcome.
• Support:
• 2111.7 USDT - level of local support after struggling (earlier resistance).
• 2048.8 USDT - SMA #1 (red medium), can be support at the back.
• 1945.5 USDT - strong support in the form of long -term SMA (blue line, SMA #5).
⸻
📊 Technical indicators
✅ MacD (below)
• The MacD line cut the signal line up - buy signal.
• The histogram is growing, which confirms the growth moment.
✅ RSI
• RSI has bounced from level 40 and is currently above 60 - it suggests upward momentum, but it is not yet purchased, so there may be room for further growth.
⸻
✅ Medium walking (SMAS)
• The price was pierced by SMA #1 (red) and SMA #2 (green) with impetus, which means a change in sentiment.
• If it stays above these medium - a bull signal.
• SMA 50 (green)> SMA 200 (blue) = potentially a golden cross is formed on a longer TF.
⸻
📌 Summary - technical scenario:
🐂 Bycza scenario:
• If the price lasts above 2111.7 USDT, it may continue to increase to USDTt and further up to $ 2,342.
• Confirmation will be the continuation of growth on MacD and RSI over 60-70.
🐻 Bear scenario (threats):
• If the price drops below 2048 USDT, possible correction up to 1945 USDT.
• RSI returning below 50 and Macd Cross down would be a reversal signal.
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.