$BIGTIME #Everyone #Followers #Binance
### BIGTIMEUSDT Analysis (4H Chart)
#### **Current Trend**
- **Uptrend**: The chart shows a sharp price increase from $0.0701 to $0.1100, with significant momentum behind the move. The price is currently above all key moving averages (MA7, MA25, MA99), confirming a strong bullish trend.
#### **Support and Resistance Levels**
- **Immediate Resistance**: $0.1100 (recent high)
- **Key Support**: $0.0942 (MA7), $0.0848 (MA25)
#### **Candlestick Analysis**
- **Bullish Candlesticks**: The chart features several consecutive green candlesticks with long bodies, indicating sustained buying pressure and strong upward momentum. No reversal signs are visible yet.
#### **Indicators and Oscillators**
- **RSI**: At **94.81**, RSI is in overbought territory, suggesting the asset is overextended and could face a pullback soon.
- **MACD**: Positive crossover, with the MACD line diverging upwards from the signal line, showing strong bullish momentum.
- **Volume**: Increasing trading volumes, with the most recent green candles supported by high volume, confirming the strength of the upward move.
#### **Wave Analysis**
- The asset seems to be in a strong **impulsive wave** (likely Wave 3 in Elliott Wave terms), which typically exhibits the most significant price increase. A minor correction may follow before further continuation.
### **Short-term Trading**
- **Entry**: Consider entering around **$0.1000-$0.1050** on a potential pullback.
- **Stop-loss**: Set a stop-loss at **$0.0940** (below MA7).
- **Target (TP)**: **$0.1200**, as the next psychological resistance level.
### **Long-term Trading**
- **Entry**: On pullback, a good accumulation zone is around **$0.0850-$0.0900**.
- **Stop-loss**: Below MA25 at **$0.0800**.
- **Target (TP)**: **$0.1350-$0.1500** if the uptrend continues.
### **Volume Analysis**
- The sharp increase in volume is a positive sign for bulls. This volume breakout supports the validity of the price breakout, signaling strength in the upward momentum.
### **Trading recommendation** 💼
- **Buy** around **$0.1000**, with **Stop Loss** at **$0.0940** and **Take Profit** at **$0.1200**.