🔷 1. Trend and market structure
🔸 Upward channel:
The price is moving in a wide, ascending channel (orange lines).
The lower line of the channel was last tested on June 22, 2025, which ended with a dynamic upward bounce.
The upper limit of the channel reaches around 2,450 USDT.
🕸️ Market phase:
In the short term, the market was in a downward correction phase within the uptrend.
Currently, we see a strong rebound from support - a new uptrend is possible.
🔷 2. Key horizontal levels (support/resistance)
🟥 Support:
1,637 USDT - local support (the lowest level of the red zone), almost tested at the bottom.
1,717 USDT - very technical support, tested several times.
1,800 USDT – psychological level and local consolidation.
1,901 USDT – last support peak, currently broken upwards.
🟩 Resistances:
2,003 USDT – current price level, currently tested as new resistance.
2,129 USDT – strong resistance from previous peaks.
2,264 USDT – previous swing high.
2,433 USDT – upper boundary of the channel and technical level from historical peaks.
🔷 3. Price and candle behavior
Strong demand reaction at the lower boundary of the channel: long pin bar/bull's embrace at the lower boundary.
The upward movement was dynamic and uniform, which indicates high buyer activity.
If the price stays above 1,901 USDT – further increases are possible.
🔷 4. Technical indicators
🔁 Stochastic RSI (4H):
Currently in the overbought zone, just below the level of 100 - a temporary correction or consolidation may occur.
However, with a strong upward trend, Stoch RSI may "stick" to the upper band - it does not yet give a clear S/S signal.
🔷 5. Technical scenarios
🟢 Bullish scenario (continuation of growth):
Condition: maintaining the level above 1,901 USDT.
Targets:
TP1: 2,129 USDT
TP2: 2,264 USDT
TP3: 2,433 USDT (upper limit of the channel)
Stop-loss: below 1,800 USDT
🔴 Bearish scenario (rejection of resistance):
Condition: strong rejection of 2,003 USDT and return below 1,901
Targets:
TP1: 1,800 USDT
TP2: 1,717 USDT
TP3: 1,637 USDT
SL: return above 2,003 USDT
🔷 6. Final remarks
The current upward movement looks like a "V-shape reversal" reaction - a sharp turnaround with dynamic volume suggests strong buyer interest.
The key will be the reaction to 2,003 USDT - a breakout and retest can give a very good long entry.
Short positions are risky as long as the price is in the lower half of the ascending channel.
🔸 Upward channel:
The price is moving in a wide, ascending channel (orange lines).
The lower line of the channel was last tested on June 22, 2025, which ended with a dynamic upward bounce.
The upper limit of the channel reaches around 2,450 USDT.
🕸️ Market phase:
In the short term, the market was in a downward correction phase within the uptrend.
Currently, we see a strong rebound from support - a new uptrend is possible.
🔷 2. Key horizontal levels (support/resistance)
🟥 Support:
1,637 USDT - local support (the lowest level of the red zone), almost tested at the bottom.
1,717 USDT - very technical support, tested several times.
1,800 USDT – psychological level and local consolidation.
1,901 USDT – last support peak, currently broken upwards.
🟩 Resistances:
2,003 USDT – current price level, currently tested as new resistance.
2,129 USDT – strong resistance from previous peaks.
2,264 USDT – previous swing high.
2,433 USDT – upper boundary of the channel and technical level from historical peaks.
🔷 3. Price and candle behavior
Strong demand reaction at the lower boundary of the channel: long pin bar/bull's embrace at the lower boundary.
The upward movement was dynamic and uniform, which indicates high buyer activity.
If the price stays above 1,901 USDT – further increases are possible.
🔷 4. Technical indicators
🔁 Stochastic RSI (4H):
Currently in the overbought zone, just below the level of 100 - a temporary correction or consolidation may occur.
However, with a strong upward trend, Stoch RSI may "stick" to the upper band - it does not yet give a clear S/S signal.
🔷 5. Technical scenarios
🟢 Bullish scenario (continuation of growth):
Condition: maintaining the level above 1,901 USDT.
Targets:
TP1: 2,129 USDT
TP2: 2,264 USDT
TP3: 2,433 USDT (upper limit of the channel)
Stop-loss: below 1,800 USDT
🔴 Bearish scenario (rejection of resistance):
Condition: strong rejection of 2,003 USDT and return below 1,901
Targets:
TP1: 1,800 USDT
TP2: 1,717 USDT
TP3: 1,637 USDT
SL: return above 2,003 USDT
🔷 6. Final remarks
The current upward movement looks like a "V-shape reversal" reaction - a sharp turnaround with dynamic volume suggests strong buyer interest.
The key will be the reaction to 2,003 USDT - a breakout and retest can give a very good long entry.
Short positions are risky as long as the price is in the lower half of the ascending channel.
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.