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ETH
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Analyzing the RARE/USDT chart on the 15-minute timeframe, I see that the price is oscillating within a range between the support at 0.23 and the resistance at 0.25. The overall trend seems to be sideways, with no clear direction in the short term. The MACD indicator shows a divergence that might suggest a potential trend change, but there isn't a clear confirmation yet. If the price respects the support at 0.23, it could be a good opportunity to buy, aiming for a target near the resistance at 0.25. However, if the price breaks below 0.23, this could indicate a continuation of the downtrend, and it would be wise to wait and see how the market reacts before making a decision. On the other hand, if the price breaks above the 0.25 resistance with significant volume, this could signal the beginning of an uptrend, where the next target could be set higher, possibly around 0.27 or more. My suggestion is to closely monitor the support and resistance zones and consider using a stop-loss to limit potential losses, depending on your trading strategy. #defi #ETH #Binance #bitcoin
Joseph Tony Serra
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