📈 Trend and Market Structure
Current trend: Upward (higher lows and highs)
The price is moving within an ascending price channel, marked by two black trend lines.
The recent rebound occurred from support around 14.83 USDT, which coincides with the lower boundary of the channel.
🔍 Key Levels
✅ Resistance (green horizontal lines)
18.98 USDT – local high
21.16 USDT – main resistance, possible target after breaking $19
18.27 USDT – current local resistance zone, currently being tested
17.62 USDT – mid-range resistance
🛑 Support (red horizontal lines)
15.97 USDT – first local support
14.83 USDT – important support (price reaction, trend confirmation)
13.30–13.50 USDT – key demand zone
12.50 USDT – lower historical support
📊 Indicators
🔄 Stochastic RSI
%K and %D lines cross from below → buy signal
Currently emerging from oversold levels (< 20), which could indicate a continuation Growth
📉 MACD
The histogram is decreasing, but the rate of decline is slowing.
Possible buy signal if the MACD line crosses the signal line from below.
🔊 Volume
Increasing volume during gains, lower volume during corrections – confirms bullish strength.
The recent decrease in volume may indicate consolidation or preparation for the next move.
📌 Scenarios
🟢 Bullish Scenario:
Uptrend maintained within the channel.
Breakout above 18.27 and 18.98 → possible rally to 21.16.
Confirmation by MACD/Stoch RSI.
🔴 Bearish Scenario:
Break of support at 15.97 and the trend line → possible decline to 14.83 or lower (13.30).
MACD may continue to decline if a strong rebound is not achieved.
🧠 Summary
Trend: Bullish
Price is currently testing resistance at 18.27.
Key support levels to watch: 15.97 and 14.83.
Indicators are providing potential buy signals, but confirmation will be needed on higher time frames or on stronger volume.
Current trend: Upward (higher lows and highs)
The price is moving within an ascending price channel, marked by two black trend lines.
The recent rebound occurred from support around 14.83 USDT, which coincides with the lower boundary of the channel.
🔍 Key Levels
✅ Resistance (green horizontal lines)
18.98 USDT – local high
21.16 USDT – main resistance, possible target after breaking $19
18.27 USDT – current local resistance zone, currently being tested
17.62 USDT – mid-range resistance
🛑 Support (red horizontal lines)
15.97 USDT – first local support
14.83 USDT – important support (price reaction, trend confirmation)
13.30–13.50 USDT – key demand zone
12.50 USDT – lower historical support
📊 Indicators
🔄 Stochastic RSI
%K and %D lines cross from below → buy signal
Currently emerging from oversold levels (< 20), which could indicate a continuation Growth
📉 MACD
The histogram is decreasing, but the rate of decline is slowing.
Possible buy signal if the MACD line crosses the signal line from below.
🔊 Volume
Increasing volume during gains, lower volume during corrections – confirms bullish strength.
The recent decrease in volume may indicate consolidation or preparation for the next move.
📌 Scenarios
🟢 Bullish Scenario:
Uptrend maintained within the channel.
Breakout above 18.27 and 18.98 → possible rally to 21.16.
Confirmation by MACD/Stoch RSI.
🔴 Bearish Scenario:
Break of support at 15.97 and the trend line → possible decline to 14.83 or lower (13.30).
MACD may continue to decline if a strong rebound is not achieved.
🧠 Summary
Trend: Bullish
Price is currently testing resistance at 18.27.
Key support levels to watch: 15.97 and 14.83.
Indicators are providing potential buy signals, but confirmation will be needed on higher time frames or on stronger volume.
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.