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engneeir
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Bullish
Violent Currency Analysis $USUAL on the hourly frame:
1. Current price: $0.9289, up +10.46%.
2. 24-hour price range:
Highest price: 1.2073
Low price: 0.6450
3. Indicators used:
Moving averages (MA):
MA(7) in red: 0.8451
MA(25) in blue: 0.8291
MA(99) in yellow: 0.7233
The current price is above MA(7), MA(25) and MA(99), indicating a strong uptrend.
The intersection of short-term and long-term moving averages supports the continuation of the uptrend.
4. SAR indicator (yellow dotted):
It appears below the current price, which is a bullish signal supporting the continuation of the uptrend.
5. Relative Strength Index (RSI):
Value 66.18, which means the market is in a semi-overbought zone but not yet fully overbought (above 70).
6. MACD:
DIF line (0.0231) is above DEA line (0.0214), with a positive divergence (bullish signal).
MACD bars are green, which reinforces the uptrend.
Technical Outlook♥:
The current trend is bullish with strong momentum according to indicators.
Next resistance point: may be at 1.20 level (previous high).
Support point: around 0.75-0.80.
Tip: Watch the resistance level 1.20, as a rebound from it may occur. In case of a steady break, we may see further upside. Use a suitable stop loss below key support levels to protect capital.
#btc
#usual
1. Current price: $0.9289, up +10.46%.
2. 24-hour price range:
Highest price: 1.2073
Low price: 0.6450
3. Indicators used:
Moving averages (MA):
MA(7) in red: 0.8451
MA(25) in blue: 0.8291
MA(99) in yellow: 0.7233
The current price is above MA(7), MA(25) and MA(99), indicating a strong uptrend.
The intersection of short-term and long-term moving averages supports the continuation of the uptrend.
4. SAR indicator (yellow dotted):
It appears below the current price, which is a bullish signal supporting the continuation of the uptrend.
5. Relative Strength Index (RSI):
Value 66.18, which means the market is in a semi-overbought zone but not yet fully overbought (above 70).
6. MACD:
DIF line (0.0231) is above DEA line (0.0214), with a positive divergence (bullish signal).
MACD bars are green, which reinforces the uptrend.
Technical Outlook♥:
The current trend is bullish with strong momentum according to indicators.
Next resistance point: may be at 1.20 level (previous high).
Support point: around 0.75-0.80.
Tip: Watch the resistance level 1.20, as a rebound from it may occur. In case of a steady break, we may see further upside. Use a suitable stop loss below key support levels to protect capital.
#btc
#usual
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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