Technical Analysis for $ID
/USDT🔥💯
Current Price: $0.4343
Trend: Bullish (0.51% increase in 24 hours)
Support Levels:
Primary: $0.4144 (24h Low)
Secondary: $0.4255 (Depth)
Resistance Levels:
Primary: $0.4446 (24h High)
Secondary: $0.4456 (Depth)
Key Indicators:
Relative Strength Index (RSI): Moderate bullish, suggesting potential continuation but watch for overbought levels soon.
MACD: Indicating upward momentum, but approaching neutrality, hinting at possible consolidation or reversal soon.
Volume: Positive, with $4.53M in 24-hour volume (shows active participation and market confidence).
Trade Signal:
Buy Signal: When price breaks above $0.4456 with strong volume.
Sell Signal: When price approaches or hits $0.4446 for potential reversal, or if RSI enters overbought territory.
Stop Loss: $0.4144
Target Levels (for a Bullish Move):
1. Target 1: $0.4410 (Slightly below 24h High)
2. Target 2: $0.4500 (Intermediate resistance)
3. Target 3: $0.4600 (Psychological resistance area)
Trade Momentum:
Current Momentum: Positive, as the price has been moving upwards with consistent support at lower levels.
Market Sentiment: Bullish with minor resistance levels ahead, so the move may continue if volume supports the uptrend.
Monitor the market closely for any signs of reversal or breakout for timely decisions.