MELANIA - 15 min - 2 options
The price is currently moving near a support level (green line) at around 1.52. This level has stopped the decline several times before, so it could be important for future price movements.
If the price breaks through the green support line at 1.52, further decline can be expected to the next support level (bottom of the red rectangle) at around 1.30.
If the price does not break through the green support line at 1.52, there may be an opportunity for a bounce back towards the red resistance line at around 1.70, than 1.90.
Fibonacci Retracement:
The closest Fibonacci support level is the bottom of the green band at around 1.50. If the price breaks through this level, the next support could be the bottom of the orange band at around 1.30.
RSI Indicator:
Currently, the RSI value is around 40, which does not indicate either overbought or oversold conditions.
Summary:
The MELANIAUSDT.P price is in a downtrend and is currently moving near an important support level at 1.52.
If the price breaks through the green support line at 1.52, further decline can be expected to the next support level (bottom of the red rectangle) at around 1.30.
If the price does not break through the green support line at 1.52, there may be an opportunity for a bounce back towards the red resistance line at around 1.70, than 1.90.
Fibonacci Retracement:
The closest Fibonacci support level is the bottom of the green band at around 1.50. If the price breaks through this level, the next support could be the bottom of the orange band at around 1.30.
RSI Indicator:
Currently, the RSI value is around 40, which does not indicate either overbought or oversold conditions.
Summary:
The MELANIAUSDT.P price is in a downtrend and is currently moving near an important support level at 1.52.
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.