🚨 RARE Multi-Time Frame Analysis: Focusing on Short to Mid-Term Movements!
This analysis dives into the 15-minute and 4-hour charts to identify crucial levels and potential market moves for RARE/USDT.
1. 15-Minute Time Frame: Short-Term Momentum
🔹Resistance at $0.1016: This level has consistently rejected upward moves. It’s the immediate hurdle for any short-term bullish action.
🔸Support at $0.0820: The 200 EMA is providing solid support. A break below this level could trigger short-term bearish pressure.
📊 RSI at 53.36: The RSI is neutral, indicating consolidation but with a slight bearish bias due to recent cooling off.
2. 4-Hour Time Frame: Mid-Term Perspective
🔹Resistance at $0.1016: Consistent with the 15-minute chart, this is a strong resistance zone on the 4-hour chart. Bulls need to push through this level for any significant move upward.
🔸Support at $0.0822: This aligns with the volume area high (VAH), showing robust buying interest at this level.
📈 Volume Profile: The POC (Point of Control) around $0.0800 indicates heavy accumulation and acts as strong mid-term support.
💡 Overall Conclusion:
Short-Term (15-Minute): The market is likely to consolidate around current levels, with $0.1016 as the key resistance and $0.0820 as immediate support.
Mid-Term (4-Hour): Breaking above $0.1016 could open the door for further upside. However, holding above $0.0822 is crucial to maintain bullish momentum.
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