Get started

Portalusdtsignal

PORTALUSDT.4HAnalyzing the 4-hour chart for PORTAL/USDT, it's evident that the price has been experiencing a volatile trend. Initially, the price observed a significant drop from a high, marking a critical resistance level, denoted as R1, at approximately $0.3474. This was followed by a downtrend where the price formed lower highs and lower lows, confirming a bearish momentum. After reaching a local low, the price rebounded, but it faced resistance at the descending trendline, unable to break through. This resistance, along with the subsequent lower high, reconfirms the strength of the bearish trend. As I analyze further, the immediate support level, labeled as S1 at $0.2074, appears crucial. A breach below this could lead to further declines, potentially retesting the previous low at around $0.2035. From a technical perspective, the Moving Average Convergence Divergence (MACD) is hovering near the zero line with a flat histogram, which indicates a lack of strong momentum in either direction. The Relative Strength Index (RSI) at 55 suggests that the asset is neither overbought nor oversold, providing little directional bias from this indicator. In conclusion, the current market setup suggests a cautious approach. The persistence of the bearish trendline and the resistance levels above indicate that any bullish efforts might be capped, whereas a break below the $0.2074 support could ignite further selling pressure. Trading strategies should consider these technical levels, with potential setups for short positions on rallies towards resistance or breakdowns below support, always keeping an eye on sudden shifts in market sentiment that could disrupt this technical outlook.
Short
by MarsSignals
#PORTAL/USDT#PORTAL The price is moving within a descending channel pattern on the 1-hour frame and is expected to reach the upper limit of the channel, which is a resistance level We have a downtrend on the RSI indicator that has been broken upwards and we have a tendency to stabilize above it We have a major support level in green at a price of 0.2380 We have a tendency to stabilize above the moving average 100, which supports the rise Entry price 0.2480 First target 0.2690 Second target 0.2830 Third target 0.3000
Long
by CryptoAnalystSignal
#PORTAL/USDT#PORTAL The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern We have a bounce from a major support area in the color EUR at 0.4350 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it Entry price is 0.4525 The first target is 0.4927 The second target is 0.5235 The third target is 0.5590
Long
by CryptoAnalystSignal
1
PORTAL/USDT If break the descending, Indicating bullish momentum💎 PORTAL has recently undergone notable market dynamics. Presently, PORTAL has successfully reclaimed its position above the support area and is now approaching the resistance of a descending channel pattern. 💎 A breakout above this pattern would signal bullish momentum, probability propelling the price further upward toward our target resistance area. 💎 However, should PORTAL fail to break above the pattern and retreat back to the support level, there's a risk of losing the support, leading to a potential downturn towards the demand area around $1.8 - $1.7. 💎 PORTAL must bounce from the demand area and reclaim its position above $2.07 to sustain upward momentum. 💎 Failure to do so could result in further downward movement, particularly if key support levels are breached.
by MyCryptoParadise_Nathan
7