At the moment, the BSW asset shows significant strengthening, reaching the level of $0.0710, which is an increase of 17.36% over the past 24 hours 🚀. It is important to note that the price continues to recover after a long downtrend, which may indicate potential for further growth.
Technical indicators:
MA (Moving Average): Short-term moving averages MA (7 and 25) crossed with the long-term MA (99) from bottom to top, indicating a possible change in trend towards a bullish trend.
Ichimoku Indicator: Price is starting to break out of the Ichimoku cloud (Kumo), which may indicate the beginning of a new bullish impulse. The next important resistance level is at $0.1845.
SAR (Stop and Reverse): The parabolic SAR is also below the current price, which confirms a buy signal and further growth.
Bollinger Bands: Wide Bollinger Bands indicate an increase in volatility. The price has broken the upper band, which may indicate the beginning of a strong move up 📈.
Support and resistance levels:
Support: The nearest support level is at $0.0496. In case of correction, this level can act as a strong support for continued growth.
Resistance: Key resistance is at $0.1845. A breakout of this level could signal a continuation of the upward movement and reaching new highs.
Result:
The analysis shows that the BSW asset has potential to continue growing. The current technical picture suggests a probability of breaking through key resistance levels and forming a new bullish trend. It is important to monitor the development of the situation and take into account possible support levels in case of correction.