Get started

Support

Gold Poised to Rise on Looming Russia Sanctions!!Hey Traders, above is a breakdown of the current technical and fundamental setup for Gold, with a focus on key support zones and the macro landscape that could drive further upside. From a technical standpoint, the first major support area to watch is around 3,334, which previously acted as a strong resistance level. Now that price has broken above it, we could see this zone retested as a support — a classic breakout-retest scenario that may offer a potential bounce opportunity. The second key zone is located near 3,311, a historically significant support/resistance level. What makes this level even more critical is its confluence with the primary ascending trendline, reinforcing its importance as a structural support in case of a deeper retracement. On the fundamental side, gold continues to benefit from its role as a safe-haven asset, especially amid rising geopolitical and economic tensions. There are two major catalysts in play right now: Escalating trade tensions, particularly around new tariffs. Markets are pricing in a high baseline tariff risk of 15%, which adds a layer of uncertainty and supports defensive assets like gold. Mounting geopolitical pressure on Russia, with the U.S. expected to announce secondary sanctions this week. These could further disrupt global markets and drive demand for hard assets. In summary, gold is positioned well both technically and fundamentally. If price holds above the mentioned support zones, we could see renewed bullish momentum in the sessions ahead. Keep an eye on developments related to trade policy and sanctions, they could be key drivers of the next move.
OANDA:XAUUSDLong
by JoeChampion
12
COIN: Retesting Broken Resistance - Decision Point IncomingCOIN (Coinbase) has pulled back sharply after its breakout run to ~420 and is now retesting the prior resistance zone near 310–315, which previously acted as a lid during Q1. This area now becomes a classic support-turned-resistance flip and serves as a major decision point for price: Technical Levels & Setup: 310 horizontal zone = former resistance from February/March → now being retested Buyers stepping in here would confirm a bullish retest, keeping the breakout structure intact Failure to hold opens the door for a deeper flush toward 220-250 Price currently sitting on the zone with indecision - watch for confirmation candle (hammer / bullish engulfing) Measured breakout continuation still targets 450+ if support holds Is COIN simply back-testing the breakout before another leg higher - or is this the start of a larger reversal?
NASDAQ:COIN
by The_Earnings_Correspondent
BTCUSD Technical Analysis – Smart Money Concept Based 🔍 BTCUSD Technical Analysis – Smart Money Concept Based 🕒 Timeframe: Intraday (likely 1H or 4H) 📅 Date: August 5, 2025 📉 Price: ~114,445 USD 📌 Key Zones and Observations 🔴 Previous Resistance (117,000–119,000) This area has a strong high formed after multiple equal highs (EQH), indicating a liquidity pool above. Price sharply rejected this zone, validating it as a significant supply zone. 🔵 Support Zone & Liquidity Pool (~112,600–113,200) This is a high-volume node (visible on VRVP) where price consolidated previously. Market structure suggests liquidity resting below, as indicated by the marked “Target” area at 112,648. Smart Money may aim to sweep liquidity below this support zone before any meaningful reversal. 🟤 Order Block & Rejection at 115,210–116,065 Price tapped into a bearish order block, creating a minor change of character (ChoCH) and then started to decline. Rejection from this zone signals distribution by institutions or Smart Money, leading toward bearish continuation. 🟢 Value Gap and Imbalance (Above 115,000) A visible value gap still remains unfilled; however, current momentum is bearish, and price failed to reclaim it, hinting downside continuation. 🔄 Market Structure BOS (Break of Structure) to the upside confirmed short-term bullish momentum. CHoCH back to the downside near current price reflects bearish shift in order flow. Price is respecting lower highs, and failing to break above 115,210 confirms a bearish bias. 🎯 Target and Outlook Primary Bearish Target: 112,648 USD This is a liquidity pool and previous support area where institutions may look to rebalance and accumulate. Scenario: If price retests 115,000–115,210 again and fails, expect strong continuation downward toward the 112,648 target. If price breaks and holds above 116,065, bullish invalidation may occur, and we can look for higher retracement toward 117,000–119,000. ✅ Conclusion BTCUSD is currently respecting a bearish order block, with Smart Money likely targeting liquidity resting below at 112,648 USD. Unless price breaks above 116,065 with strong volume, the bias remains bearish short-term.
BITSTAMP:BTCUSDShort
by Mentor_Michael03
BNBUSDT 4H Review🔍 Technical Structure 📉 Descending Channel (orange lines) The price was moving in a clear downtrend within the channel. A breakout from the channel to the top occurred, which is a potentially bullish signal. The price is currently testing a level above the channel—a classic retarget (retest) of the breakout. 🟩 Support/Resistance Levels (green and red lines) ✅ Support: 760.97 USDT – currently tested as support after the breakout from the channel. 739.81 USDT – local support, previous resistance. 717.89 USDT – stronger support, lower boundary of the channel. ❌ Resistance: 779.87 USDT – short-term resistance. 809.72 USDT – key resistance on the higher timeframes. 📊 Volume Volume increased during the breakout from the channel, supporting its credibility. It is currently declining slightly, which may suggest consolidation or waiting for another impulse. 🔄 Stoch RSI Oscillator (at the bottom of the chart) Currently leaving the overbought zone (>80) and heading down. Potential bearish or consolidation signal for the coming sessions. 🧠 Scenarios 1. Bullish Scenario (continuation of the breakout): If the 760.97 level holds as support, A move to 779.87 is possible, followed by a test of 809.72. 2. Bearish Scenario (false breakout): If the price falls below 760.97 and fails to stay above 739.81, A retest of 717.89 or even a return to the descending channel is possible. 📌 Conclusions Currently, the key level is 760.97 USDT – maintaining it will confirm the bulls' strength. Oscillators suggest a possible correction or consolidation. For a long position: a good place to test 760.97 with a narrow SL below 739.81. For a short position: a potential signal if 760.97 is not maintained.
by cryptodailyuk
XAUUSD – Mid-Channel Rejection Near Key Supply ZoneGold has made an impressive recovery off the $3,250 zone, pushing back into the $3,380–$3,390 region — a key supply area which previously led to strong sell-offs. We’re now sitting at the upper boundary of a 1H ascending channel and just under a significant resistance area seen on the 4H and daily timeframes. Although bullish momentum is still present, price is showing early signs of exhaustion at this level — with small rejections forming and volume beginning to taper off. The key zone to watch is $3,384 – $3,390. If price fails to break and close above this zone cleanly on the 4H, we may see a corrective pullback back toward the midline of the channel — or even a full retest of the lower boundary near $3,305 or $3,268 depending on momentum. Bias: Short-term bearish / corrective – waiting for confirmation of rejection or bearish candle formation below $3,384.
ICMARKETS:XAUUSDShort
by AutoMarkets
ETHUSDT 4H Chart Review🔍 General Technical Context: Prior Trend: Upward (strong rally from around 3,150 USDT). Current Structure: After breaking out of the ascending channel, there was a strong decline, but is currently rebounding upward – it looks like a test of prior support as resistance. 📈 Key Horizontal Levels (Support/Resistance): Resistance: 3,794 USDT – strong resistance resulting from the prior high (green line). 3,943 USDT – high of the ascending channel. Support: 3,504 USDT – prior support, now potentially acting as resistance (red line). 3,383 USDT – July support. 3,132 USDT – strong base support, potential correction low. 📉 Technical Patterns: Broken Upward Channel (orange lines): A clear downward breakout suggests a weakening of the previous trend. Downward Trendline (purple): The current price is approaching it – a test and reaction (bounce or breakout) may occur. 📊 Stochastic RSI (oscillator at the bottom): The indicator is entering the overbought zone (>80). This may indicate an impending slowdown or correction, especially if the price encounters resistance at the purple downward trendline. 🔮 Scenarios: ✅ Bullish (if the breakout is upward): A breakout of the purple trendline and resistance at 3,794 USDT could signal further gains towards 3,943 USDT or higher. Confirmation could come from a retest of the purple line as support. ❌ Bearish (if resistance rejected): Rejection from the trendline or the 3,794 USDT zone = possible correction to 3,504 or 3,383 USDT. Break of 3,383 = potential decline to the 3,132–3,150 USDT zone. 🧭 Conclusion: The market has regained strength from the local low but is at a potentially strong resistance zone. Stochastic RSI overbought + near resistance = high risk of a near-term correction. The key will be price performance within the purple trendline and 3,794 USDT.
by cryptodailyuk
Swing opportunity on cluster support, technical & macro plan__________________________________________________________________________________ Technical Overview – Summary Points __________________________________________________________________________________ Momentum : Tech sector bias supportive on higher timeframes (Risk On / Risk Off Indicator “Buy” on 1D/12H) despite MTFTI “Down” on intraday (15min to 6H). Key Supports : Major cluster at 111,900–112,772 (W Pivot High, 12H/24H Pivot Low). Critical defense short/mid term. Resistances : 114,723, then 115,900, then 119,800–122,318 (break to relaunch impulse). Volumes : Moderate to normal across all timeframes: no panic or capitulation. Multi-TF Behaviour : ISPD DIV neutral everywhere: neither fear nor euphoria; wait-and-see market. No climax nor emotional extremes: conducive to squeeze or extension after catalyst. __________________________________________________________________________________ Strategic Summary __________________________________________________________________________________ Global Bias : Neutral to cautious bullish if 111,900–112,772 holds (invalidate if <111,900). Opportunities : Defensive swing long entries on support. Gradual targets: 114,723, 115,900, 119,800–122,318. Risks : Daily/4H close below 111,900 = acceleration towards $110k/$105k (on-chain air-gap). Macro Catalysts : Geopolitical tensions (Gaza/Ukraine/China), China crypto ban headlines, sector decoupling, Fed/BoE policy. Action Plan : Strict stop management (<111,750), agile on volume/ISPD signals. Critical macro monitoring: any exogenous move can trigger directional volatility. __________________________________________________________________________________ Multi-Timeframe Analysis __________________________________________________________________________________ 1D (Daily) : Key support 114,723.2. Tech sector indicator (Risk On / Risk Off Indicator) bullish. MTFTI Up. Normal volume, no panic. Lack of ISPD oversold signal. 12H : Support W Pivot High 111,900 – 12H Pivot Low 111,920. Uptrend, moderately higher volumes, ISPD neutral. Battling for support maintenance and bounce. 6H : Core pivot support 111,900–112,000. MTFTI Down. No volume excess or sentiment signal. End of momentum, increase vigilance. 4H : Weakness confirmed, supports 112,000–112,500, resistance 117,722 to 119,800. Last short-term rampart tested. 2H-1H : Bearish, attacks on 111,900–112,772 supports, immediate resistance at 114,723/115,900. Weak range market. 30min-15min : Neutral, lower range between supports (111,900–112,772) and resistances (113,950–114,723). Volatility on breakout events, no sector bias. Risk On / Risk Off Indicator : Persistent “Buy” on higher timeframes (12H/1D), neutral/bearish intraday (4H and below). ISPD DIV : No extremes detected: no exhaustion, panic or major oversold; “range” environment. Volumes : Normal, no climax or anomaly. Market awaiting a catalyst. __________________________________________________________________________________ Fundamental, Macro Events, Sentiment Overview __________________________________________________________________________________ Macro : Newsflow on China crypto ban, multiple tensions (Gaza, Russia-Ukraine), Fed/BoE slowing. Globally cautious setting despite no direct institutional shock. On-chain (Glassnode) : Major OTC sale (~80k BTC) absorbed, 97% supply in profit: “moderate euphoria” phase, not capitulation; on-chain supports $110–117k, resistance $125–141k, air-gap below $115k. Twitter : No panic, “final wick” narrative then anticipated technical rebound. No institutional outflows. China ban read as cyclical FUD. __________________________________________________________________________________ Summary & Action Plan __________________________________________________________________________________ Support 111,900–112,772 = key multi-TF cluster; area for defensive swing opportunity. MTFTI is “Down” on lower TF, but Risk On / Risk Off Indicator bullish on daily/12H. No capitulation, normal volume, market waiting for catalyst. Swing bullish invalidated below 111,900—stop required, R/R 1:2 minimum. Fast reclaim above 114,723 plus strong upside volume: short squeeze & potential extension to 119,800–122,318. Macro monitoring essential (China ban, monetary policy, geopolitics). __________________________________________________________________________________ Operational Summary : Favor defensive swing long plans on multi-TF cluster support (111,900–112,772), strict stop <111,750, progressive TPs to 114,723/115,900/119,800. Stay opportunistic: bias cautiously bullish but risk management is paramount in a cautious global environment and with no strong extremes detected. __________________________________________________________________________________
INDEX:BTCUSDLong
by Ox_kali
BTC/USD 1D Chart 🔼 Resistance: • USD 123,263 - local peak, strong resistance (green line) • USD 119,120 - level tested several times, recent reflection • 116,224 USD - zone of previous consolidations 🔽 support: • 110,945 USD - SMA #2 (movable average), tested in the past • 107,804 USD - local hole • USD 103,542 - strong support from the past (historical retention of declines) ⸻ 📊 Technical indicators 📉 Trend: • The yellow upward trend line has been broken - a potential bull weakness signal. • The candle pierces the trend line from the bottom - it is possible to change the direction to a side or downward trend. 📈 Medium walking (SMA): • The red SMA #1 line acted as dynamic resistance. • The price is currently testing SMA #2 as support. • SMA #5 (blue, approx. 98,600 USD) is very strong long -term support. 📉 Macd: • The MacD line is below the signal line → Bear signal (Bearish). • Red histogram - inheritance impetus is growing. 📉 RSI: • RSI has fallen below the level of 50 → the advantage of supply. • Currently, it is approaching the supply of supply overload (<30), which can herald the technical reflection. ⸻ 🔮 Scenarios ✅ Scenario Bycza (Bullish): • Maintenance of a price above 110.945 USD (SMA #2). • Return above the trend line or testing USD 116,224 and piercing up. ❌ Bear scenario (Bearish): • Loss of support to 110.945 USD → decrease to USD 107,800. • If this does not keep the course, the next strong level is USD 103,500. ⸻ 🧠 Applications: • Short -term: the market looks weak, the candle breaks the upward trend. • Medium -term: still in the game, but if it does not reflect from the current levels, a greater correction is possible. • Commercial decisions: It is worth waiting for confirmation of the direction (reflection from support or continuation of declines).
COINBASE:BTCUSD
by cryptodailyuk
1
Bitcoin Facing Macro Volatility: Key Supports Hold Firm__________________________________________________________________________________ Technical Overview – Summary Points __________________________________________________________________________________ Momentum: Dominant bullish bias on higher timeframes (1D to 2H). Key Supports/Resistances: Key pivot zone at 114.7K–115.8K defended across all timeframes; major resistances at 119.7K, upside extension to 122.3K. Volume: Peaks on breakout, normal to high volumes depending on TF, no signs of seller capitulation. Behavioral Indicators: Risk On / Risk Off Indicator remains strong on all strategic TFs; ISPD DIV neutral except for a defensive buy signal on 1H. Multi-timeframe summary: Broad horizontal consolidation, no panic or euphoria detected. Major supports overlap, confirming structural strength amid macro volatility. __________________________________________________________________________________ Strategic Summary __________________________________________________________________________________ Overall bias: Bullish above 114.7K; neutral/slightly bearish below this key level. Opportunities: Longs via scalping/range trading on reactions at 114.7–115.8K; swing accumulation on daily/4H stabilization above 115K. Risk: Break below <114.7K, macro volatility around NFP/PMI, false breakouts. Macro catalysts: Expanded US tariffs (Trump), NFP, PMI, Fed status. Action plan: Reactivity on pivots, reduce exposure during macro events, hard stops <114.5K H4. __________________________________________________________________________________ Multi-Timeframe Analysis __________________________________________________________________________________ 1D: Working the 114723 pivot support. Bullish momentum, no excessive selling, Risk On / Risk Off Indicator “STRONG BUY”. 12H-6H: Building a bottom on the daily base; sustained volumes during sell-off, no panic, technical buy signals emerging. 4H-1H: Vigorous support defense, 1H ISPD DIV “buy” signal. Healthy range pattern; volumes up during rebound attempts. 30min-15min: Slow recovery after high-volume drop, no euphoria or capitulation. No “trap” or imminent squeeze, favorable for tactical trades. Risk On / Risk Off Indicator: Higher TFs (1W/1D/12H/4H) show strong bullish signals, boosting risk confidence. Decorrelation with lower TFs allows flexible management, controlled accumulation, tight stops at 114.7K. __________________________________________________________________________________ Macro & BTC Context Summary (Twitter) __________________________________________________________________________________ Macro: US tariff shock, max volatility likely, amplified moves in equities and crypto. Bitcoin: Sharp correction post-record close, but solid supports remain, no sign of trend end. Integration: Technical status quo; favor defensive accumulation, caution on NFP/PMI. __________________________________________________________________________________ Actionable Synthesis: Plan & Risk Management __________________________________________________________________________________ Strategies: Longs/scalp >114.7K; swing/accumulate post daily/4H confirmation; partial TPs near 119.7K/122.3K. Risk Zones: Hard stop <114.5K. Tight monitoring around NFP for volatility spikes. Reward: Risk-to-reward >2 if buying lower range with strict stops. __________________________________________________________________________________ Key Macro Events to Watch __________________________________________________________________________________ 2025-08-01: US NFP, unemployment, hourly wages – High volatility expected, possible swings 2025-08-01: ISM Manufacturing PMI – Short-term trend confirmation or invalidation 2025-07-30: FED conference – Range-bound / Moderate volatility US Tariffs (Trump) – Global risk-off, caution BTC & tech __________________________________________________________________________________ Conclusion __________________________________________________________________________________ BTC consolidates steadily between 114.7K–122.3K despite macro shocks Daily/H4 supports robust, Risk On / Risk Off Indicator strong on higher TFs Accumulation/scalping favored as long as supports defended Main risk = break of 114.7K, imminent macro volatility
INDEX:BTCUSDLong
by Ox_kali
BTC/USD 4h chart🔸 Formation: Triangle descending (descending) • Upper trend line (orange) - inheritance, connects lower and lower peaks. • Lower support line (red) - approx. 116,700 USD - key support, tested many times. 🔻 Support USD 116,700 Tested several times, currently threatened 🔻 Another support USD 114,669 Target level when struck with a triangle 🔼 Resistance USD 118,321 The nearest resistance - the former level of support 🔼 Resistance USD 119,931 Local peak 🔼 Strong resistance USD 121,107 Upper level of structure 📉 STOCHASTIC RSI (lower indicator) • Line cutting and a decrease in the purchase area (> 80) towards the center. • No extreme sales signal, but the trend begins to be negative. ⸻ 📌 Applications and possible scenarios: 🔻 Bearish script (more technically likely): • If BTC breaks below USD 116,700 with a 4H candle closure, possible: • a decrease around USD 114,669 (lower limit of the triangle) • Even lower - around 113,500-112,000 USD with an increased volume 🔼 Bullly script (less likely but possible): • needed quick breaking above USD 118,300 and maintaining above this level • Then the goal will be USD 119,931, and then possible traffic up to USD 121.107 ⸻ 📍 Summary: • We see classic triangle descending-pro-draft formation. • Support 116,700 USD very close to breaking - if it falls, down movement can be dynamic. • Stochastic RSI coincides with the deterioration of the moment. • The inheritance scenario seems dominant, unless there is a strong demand and over 118,300 USD.
COINBASE:BTCUSD
by cryptodailyuk
EURUSD FORMED BEARISH PENNANT. THE PRICE IS READY TO DROP.EURUSD FORMED BEARISH PENNANT. THE PRICE IS READY TO DROP. EURUSD has been trading sideways within the last day, showing lower highs and higher lows. Eventually, the price has formed the pennant chart pattern. What is a pennant? A pennant chart pattern is a short-term continuation pattern in technical analysis, resembling a small symmetrical triangle, formed after a strong price movement (flagpole). It consists of converging trendlines, indicating a brief consolidation before the trend resumes. Bullish pennants form after an uptrend, bearish pennants after a downtrend. The price is expected to decline towards 1.14500 support level
Short
by ProfessorSingapore
1
MKR/USDT 4H Chart📉 Short-term situation: The price is currently trading around 2028 USDT, after a sharp decline from around 2273 USDT (resistance). The support level around 2000 USDT is currently being tested (coinciding with the SMA 200 – blue line). A dynamic uptrend line (orange) is also visible, which could act as a key support level in the event of further declines. 🔍 Support and Resistance Levels: Resistance: 🔴 2188 USDT – recent local high and convergence with the SMA 21. 🟢 2273 USDT – major resistance; previous rebound and point of significant price reaction. Support: 🔵 1980 USDT – local support + SMA200. 🟠 Uptrend line (~1940–1960 USDT). 🔴 1832 USDT – stronger horizontal support with multiple confirmations. 🔴 1623 USDT – very strong support, from previous lows. 📊 Technical indicators: RSI (Relative Strength Index): Current value: ~42, neutral, but approaching the oversold zone (<30). The RSI is falling rapidly, suggesting selling pressure, but a reaction is possible near current support. MACD: Negative signal: signal line crossing from above + descending histogram. Indicates a continuation of the correction, but we are approaching the potential exhaustion of the downward momentum. 📈 Moving averages: EMA/SMA 50 and 200: The price is currently testing the SMA200 – crucial for the medium-term trend. SMA21 (red) and SMA50 (green) – have reversed downward, which may suggest a weakening of bullish momentum. 🔮 Scenarios: 🟢 Bullish scenario (confirmation of support): A rebound from 1980–2000 USDT and further upward movement. Potential target: first ~2180 USDT, then ~2273 USDT. The condition is a demand response at the current level + an improvement in the RSI/MACD. 🔴 Bearish scenario (breakout of support): If the 1980 USDT level is broken and the price falls below the uptrend line, a continued decline to 1832 USDT or even lower is possible. Confirmation will be a strong bearish candle with high volume and a further decline in the RSI/MACD.
by cryptodailyuk
GBPCAD OUTLOOKIn this analysis we're focusing on 2H time frame for finding possible upcoming movement in price. So as per my strategy today I'm looking for a sell trade opportunity. Confirmation is very important, after confirmation we'll execute our trade. Let's see which opportunity market will give us. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is my prediction. #GBPCAD 1H Technical Analysis Expected Move.
Short
by TradeTacticsreal
SOL/USD 4H📉 Price Current price: approximately $183–$184 We see a decline from the resistance zone around $194.56. The price has broken through support at $187.31 and is heading towards lower support at: 🔴 $183.18 – local support (being tested now), 🔴 $175.58 – key support (potential target if current support breaks). 📊 Market structure Short-term trend: Downtrend (lower highs and lower lows after a rebound from $194.56). Volume: Increased volume on bearish candles – confirming supply pressure. Previous trend: Uptrend with strong momentum from July 18th to July 21st. 🔁 Technical Levels Resistance: 🟢 USD 187.31 – last broken support, now acting as resistance. 🟢 USD 194.56 – strong resistance (tested twice). 🟢 USD 206.43 – local high, strong resistance level from higher timeframes. Support: 🔴 USD 183.18 – currently being tested. 🔴 USD 175.58 – stronger support from lower swing highs. 📉 Stochastic RSI Located in the oversold zone (<20) and pointing down. No upside crossover yet → no buy signal yet. If a reversal occurs, a technical rebound is possible. 📌 Conclusions and Scenarios 🔻 Downside scenario (more likely currently): Breakthrough of support at $183.18 ➜ further decline to $175.58. Potential entry into a correction of the entire upward movement from July 18-21. 🔺 Upside scenario (alternative): Support at $183.18 held + Stoch RSI signal ➜ rebound to $187.31. If buying volume increases, a retest of resistance at $194.56 is possible.
COINBASE:SOLUSD
by cryptodailyuk
BTC/USD Buy Setup (6H Chart)📈 BTC/USD Buy Setup (6H Chart) Strategy: Trendline Support Bounce 🔹 Entry Price: $118,674.3 Reason: Price is bouncing off a supportive trendline and holding above the 1st Support zone. 🔻 Stop Loss (SL) Price: $114,470.6 Reason: Below the 1st Support zone to protect against breakdown. 🎯 Take Profit Targets TP1: $123,269.6 Reason: Near recent swing high, good for partial profit. TP2: $127,661.4 Reason: Next resistance zone, ideal for full exit or trailing stop. #MJTrading #Bitcoin
OKX:BTCUSDLong
by MJElahifx
1
ETH/USDT 4H Chart📊 General Context Ethereum is rising in a strong short-term uptrend, supported by a rising trendline (orange). Current price: 3831 USDT We are approaching a significant resistance level around 3842–3850 USDT (green line). Technical support is located around 3760 USDT (previous consolidation level and 50/200 SMA). 🔍 Technical Levels Resistance: 3842–3850 USDT – local high, currently being tested. 4006 USDT – key psychological level and the last local high on the chart. Support: 3762 USDT – previous resistance, currently turned into support (may be tested in a correction). 3650 USDT – strong technical support, confirmed several times in the past. SMA50 and SMA200 – currently just below the price, also acting as dynamic support. 📈 Technical Indicators MACD: The histogram is rising and positive → bullish momentum. The MACD line crosses the signal line from below → a buy signal. RSI (14): Currently: around 64 → not yet overbought, but close to the overbought zone. Slightly rising trend, but may suggest impending market overheating with further gains. 🧭 Trend Short-term: strong uptrend (trend line, green candles, breakout from consolidation). Medium-term: higher lows and higher highs – the uptrend is maintained. The price is holding above the 50 and 200 SMAs – confirming bullish sentiment. ⚠️ What to watch next? A 4-hour candle close above 3842 USDT → confirmation of a breakout, a potential attack on 4000–4010 USDT. A break of the trend line (orange) → a possible correction to 3760 or even 3650 USDT is possible. An RSI rise above 70 → an overbought signal, a possible pullback or consolidation.
by cryptodailyuk