The current price situation of the asset on the 3-day timeframe can be seen on the TRB/USDT chart. Here is a brief analysis based on indicators and key levels.

Technical Analysis:

  1. Support Level:

    • In the area of 52.99 and below down to 51.00, a support zone is visible where the price has previously stopped several times. This is a key area that may keep the price from further decline.

  2. Moving Averages (SMA):

    • Periods 7, 25, and 99 show the distribution of price zones. The current price is below the 25-period and 99-period SMA (62.92 and 84.40 respectively), indicating the presence of downward pressure. The price may return to these levels as resistance zones.

  3. Ichimoku Indicator:

    • "Cloud" (Kumo) above looks quite wide and red, confirming the bearish trend.

    • The flat Senkou Span B around 66.34 is also a strong resistance, where the price may stop upon reaching it.

  4. Parabolic SAR Indicator:

    • The Parabolic SAR is above the candles, indicating a downward movement.

  5. Bollinger Bands:

    • The price is in the lower part of the Bollinger Bands, indicating downward pressure, but it may also suggest the possibility of an upward correction if there is strong support in the lower zone.

Output:

Currently, TRB/USDT is in a downtrend, and the key support zone around 51-53 may be a decisive factor for short-term price behavior. If it consolidates below these levels, further decline can be expected, while a bounce from the current supports would open the possibility for a return to resistance levels such as 60 and 66. To transition to a bullish trend, overcoming the Ichimoku cloud and SMA (99) above 80 will be required.

#cryptousdua $TRB