✴️ ConstituionDAO Classic Chart Analysis With 120%+ Target
PEOPLEUSDT (ConstitutionDAO) is trading daily above EMA100, EMA50 and EMA10 as well as MA200.
These are short-term, medium-term and long-term moving averages.
MA200 is the most important one as this level has been conquered and confirmed as support, meaning, PEOPLEUSDT is setting itself up for long-term growth.
Then we have the classic RSI signal called strong/bullish when trading daily above 50. At 61 we would call this reading super strong.
The MACD is really good technically speaking, above zero, trending higher with green histogram and showing plenty of room available for additional growth.
Finally, we have a volume breakout as today's session produces the highest volume since December 2022.
All this is pointing to additional growth.
There is also a higher low, an ascending channel and multiple chart patterns... All bullish of course.
With that said, prepare for all scenarios if you decide to buy as markets are always evolving and anything you see now can easily change.
Namaste.
These are short-term, medium-term and long-term moving averages.
MA200 is the most important one as this level has been conquered and confirmed as support, meaning, PEOPLEUSDT is setting itself up for long-term growth.
Then we have the classic RSI signal called strong/bullish when trading daily above 50. At 61 we would call this reading super strong.
The MACD is really good technically speaking, above zero, trending higher with green histogram and showing plenty of room available for additional growth.
Finally, we have a volume breakout as today's session produces the highest volume since December 2022.
All this is pointing to additional growth.
There is also a higher low, an ascending channel and multiple chart patterns... All bullish of course.
With that said, prepare for all scenarios if you decide to buy as markets are always evolving and anything you see now can easily change.
Namaste.
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followalan.com
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