18% drop coming for THRESHOLD!Threshold | T | has been on a tear up until the past few days. Even though it has dropped dramatically, it looks like an additional 18% drop is on the horizon.
Tusdtshort
TUSDT.1DBased on the provided market data, the TUSDT/USDT pair is currently trading at 0.034 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 43.63, 71.08, and 73.27 respectively. The RSI values for 1 day and 7 days are above 70, indicating that the pair is currently overbought, and there may be a potential price correction or reversal. However, the 4-hour RSI is below 50, indicating a bearish momentum in the short term.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.00089, 0.0029, and 0.0021 respectively. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The 4-hour MACD is very close to zero and the 1-day and 7-day MACD are positive, indicating a bullish trend in the mid and long term.
The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 0.042, 0.040, and 0.042 respectively. The current price is below the 4-hour and 7-day BB and very close to the 1-day BB, indicating a bearish trend in the short term but a slightly bullish trend in the mid and long term.
The support levels are at 0.031, 0.028, and 0.024 for 4 hours; 0.030, 0.021, and 0.016 for 1 day; and 0.024, 0.016, and 0.013 for 7 days. The resistance levels are at 0.043, 0.045, and 0.051 for 4 hours; 0.048, 0.053, and 0.065 for 1 day; and 0.048, 0.053, and 0.070 for 7 days.
In conclusion, the pair is currently in a bullish trend in the mid and long term but bearish in the short term. Traders should watch out for the overbought signals from the 1-day and 7-day RSI and the resistance levels, as the price may experience a correction or reversal. As always, it's important to consider other factors and your personal risk tolerance when making trading decisions.
T short setup hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
