1-Hour Analysis:
Current Price: Around 144.74 USDT
Support Level: 140.00 USDT (Highlighted in green, marking a -3.27% move from the current price)
Resistance Levels:
148.11 USDT (+2.33%)
151.38 USDT (+4.59%)
155.05 USDT (+7.12%)
162.85 USDT (+12.52%)
Price action is currently slightly above the nearest support (140 USDT) and facing short-term resistance at 148.11 USDT. If it breaks above that, it could push toward 151.38 and potentially higher.
4-Hour Analysis:
The 4-hour timeframe might follow a similar structure with stronger resistance and support levels. The key resistance areas will be higher up due to the larger timeframe (151.38 and 155.05 USDT zones could be more significant).
Medium-Term Resistance: 155.05 USDT. If the price breaks this level, the next significant move could be toward 162.85 USDT.
Medium-Term Support: 140.00 USDT. A break below this level could lead to a further drop.
Daily Analysis:
On the daily timeframe, it’s more relevant to monitor key support at 140 USDT as this appears to be a major support zone.
Daily Resistance: The daily resistances align with 155.05 USDT and 162.85 USDT, which seem to be key psychological and technical barriers on the larger timeframe.
The overall trend on the daily chart would help in identifying whether we are in a correction phase or whether there’s more downside potential if it breaks below 140 USDT.
Overall Trend:
Short-Term (1-hour): Neutral to bullish if it holds above 144 USDT. Watch out for resistance at 148 USDT.
Medium-Term (4-hour): Neutral, with a higher possibility of retesting resistance around 151-155 USDT.
Long-Term (Daily): Consolidation phase with possible downside risk if it fails to break above key resistance levels or if it loses the 140 USDT support.
IF YOU LIKE THE ANALYSIS THEN FOLLOW AND LIKE THANKS 😘😘
