$USUAL Analysis - USUAL/USDT with Fibonacci
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Technical Analysis
1. Fibonacci Levels
- Drawn between $1.0984 (0.0) and $1.6541 (1.0).
- Important positions:
- 0.236: $1.2966
- 0.382: $1.3107
- 0.5: $1.3761
- 0.618: $1.4318
- 0.786: $1.5352
The current price is below the support of 0.236 ($1.2966), indicating weakness. The zone of $1.2136 is serving as temporary support, but it is important to observe the market reaction near $1.3107 (0.382).
2. Bollinger Bands
- The price is in the lower band, suggesting selling pressure.
3. MACD
- The MACD histogram is negative, showing selling dominance at the moment, but without acceleration.
4. RSI
- RSI(6): 38.2 - Oversold zone.
- RSI(14): 44.3 - Shows room for recovery.
- RSI(24): 48.3 - Near the neutral zone.
5. Volume and Moving Averages
- Volume has decreased significantly after the initial rally.
- The 20-period moving average is above the current price, indicating a downtrend.
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📍Entry Recommendation
✅ Entry: $1.3000-1.3200
🔴 Stop Loss: $1.2000 (below $1.2136 support)
🎯 Take Profit: $1.4100
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Disclaimer
This analysis is for educational and informational purposes only. Cryptocurrency investments are high risk and require careful consideration. Decisions to buy or sell are the sole responsibility of the investor.