GUNUSDT (Guncoin / Tether) shows a Bullish Harami pattern, which is often considered a potential sign of a reversal or continuation of the uptrend. This pattern consists of a small bearish candle (white) that is entirely contained within the prior larger bullish candle (green), suggesting a shift in momentum.
Currently, the price is testing support at 0.04790, which is a key level to watch—if the price stays above this support, it could indicate further upward movement. On the upside, the price is approaching a resistance level at 0.05950.
A successful break above this resistance could trigger more bullish momentum toward 0.06415. The volume appears stable, and if buying interest picks up, the upward trend could continue.
In summary, if GUNUSDT holds above the support and breaks the resistance at 0.05950, it could push further towards higher levels. However, if it fails to break the resistance or drops below support, it could lead to consolidation or a downward move.
Currently, the price is testing support at 0.04790, which is a key level to watch—if the price stays above this support, it could indicate further upward movement. On the upside, the price is approaching a resistance level at 0.05950.
A successful break above this resistance could trigger more bullish momentum toward 0.06415. The volume appears stable, and if buying interest picks up, the upward trend could continue.
In summary, if GUNUSDT holds above the support and breaks the resistance at 0.05950, it could push further towards higher levels. However, if it fails to break the resistance or drops below support, it could lead to consolidation or a downward move.
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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.