Price Levels and Trends
1. Resistance Levels:
2. Support Levels:
Trend Analysis
Indicators
1. Stochastic RSI:
2. Cumulative Volume Delta (CVD):
1. Resistance Levels:
- $7.70: The price has faced resistance at this level recently.
- $7.68: Another resistance point that the price recently touched but failed to break.
2. Support Levels:
- $5.83: The current support level, which has held the price from falling further.
- $4.35: The next support level, indicating potential support if the price drops below $5.83.
- $2.40: A historical support level from previous years.
- $0.5792: A very low historical support level, indicating the minimum price over the chart's timeframe.
Trend Analysis
- Uptrend Channel: The price is moving within an ascending channel, with higher highs and higher lows. The upper trendline acts as resistance while the lower trendline acts as support.
- Current Position: The price recently hit the upper resistance of the channel around $7.68-$7.70 and has retraced to the support level around $5.83.
Indicators
1. Stochastic RSI:
- Current Value: The Stochastic RSI is around 62.61, indicating a neutral to slightly overbought condition. This suggests there might be some room for the price to move up before becoming overbought, but caution is warranted.
2. Cumulative Volume Delta (CVD):
- Current Value: The CVD is showing a significant negative value (-35.662M), indicating that selling pressure has been dominant. This could mean that despite price increases, sellers have been in control, potentially foreshadowing further price declines or consolidation.
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.