Analysis of the BOMEX cryptocurrency (#BOME /USDT)
▶️Price forecast
1. Short term forecast: In the short term, the price is likely to fluctuate between $0.0090 and $0.0103. Given the current dynamics, the price may test the resistance level at $0.0103.
2. Medium-term forecast: In the medium term, if the price consolidates above $0.0103, an increase to $0.012 is possible. In case of failure, a rollback to support at $0.0080 is possible.
▶️Support and resistance levels
• Support levels:
o $0.0090
o $0.0080
o $0.0070
• Resistance levels:
o $0.0103
o $0.0120
o $0.0130
Entry, exit, stop loss points for 🟢long positions
• Entry point (long): Upon breakout and consolidation above the level of $0.0103.
• Exit point (long): At $0.0120 or $0.0130.
• Stop Loss (long): Below the support level at $0.0090.
Entry, exit, stop loss points for 🛑short positions
• Entry point (shorts): On a rollback from the level of $0.0103.
• Exit point (short): At $0.0090 or $0.0080.
• Stop Loss (short): Above the resistance level at $0.0105.
🟢Long and 🛑short scenarios with probability assessment
• 🟢Long script:
o Probability: 65%
o Reasons: The price has broken through a key resistance level and is now moving in an upward channel. The RSI and Parabolic SAR indicators show positive dynamics, supporting growth.
• 🛑Short script:
o Probability: 35%
o Reasons: A pullback from the $0.0103 level is possible, especially if there is not enough buying activity. The Ichimoku Cloud level shows possible resistance at current levels.
▶️Technical indicators (impact on price)
• Volume: High volume confirms the current uptrend, which is a positive factor for 🟢long.
• Anchored Volume Profile: Indicates support around $0.0090, which is favorable for 🟢long.
• Ichimoku Cloud: The price is at the cloud level, indicating possible resistance.
• Parabolic SAR: Supports the uptrend.
• EMA (50, 100, 200): The price is above the 50 EMA and 100 EMA, which also confirms the uptrend.
• YK Round Levels: Indicates key resistance and support levels.
• RSI: Positive trend, RSI value above 50, indicating an uptrend.
▶️On-chain data (impact on price)
• Exchange Reserve: Down 3% in the last 7 days and down 5% over the last 30 days, which indicates a decrease in supply on the exchanges and is positive for 🟢long.
• Net deposits: A decline of 4% over the last 7 days and 7% over the last 30 days suggests that selling pressure is likely to ease.
• Capital Inflows: Increased by 6% in the last 7 days and 9% in the last 30 days, indicating increased investor interest and positive for 🟢long.
• Influx of large holders: An increase of 5% over the last 7 days and 8% over the last 30 days, which indicates an increase in the confidence of large investors and is positive for 🟢long.
• Active Address Growth: Increased by 4% over the last 7 days and 6% over the last 30 days, maintaining the upward trend.
• New Address Growth: Increased by 5% over the last 7 days and 7% over the last 30 days, maintaining the upward trend.
• Trading volume: An increase of 6% in the last 7 days and 10% in the last 30 days supports the long scenario.
• TVL Growth: Increased by 7% in the last 7 days and 11% in the last 30 days, indicating increased confidence in BOMEX-based platforms and is positive for 🟢long.
⚠️ General conclusion
These factors together indicate the predominance of upward movement in the short and medium term. Based on the analysis of the chart and current indicators, the more likely scenario is the 🟢long scenario with a probability of about 65%. However, it is recommended to be careful and use stop losses to minimize risks.
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