On the SCRUSDT asset chart on the 4-hour timeframe, the following key elements for analysis can be highlighted:

  1. Moving Averages (MA):

    • The 7, 25, and 99-period SMAs show a downward trend, with the price remaining below all major moving averages, indicating strong bearish pressure.

  2. Ichimoku Indicator:

    • The price is below the Ichimoku cloud, which also indicates a downward trend.

    • The cloud remains in a bearish position, suggesting further downward pressure on the price.

  3. Parabolic SAR:

    • The SAR points are located above the price, confirming the downward trend and the possibility of continued downward movement.

  4. Bollinger Bands:

    • The price is consolidating at the lower part of the range, which may indicate that the asset is at oversold levels.

    • Bollinger Bands are narrowing, indicating low volatility and potential consolidation before a sharp movement.

  5. Support and Resistance Levels:

    • A local support level is noted around 0.747 USD. If broken, further declines may occur.

    • The nearest resistance is around 0.815, which is the upper boundary of the consolidation channel.

Overall Conclusion:
The SCRUSDT asset is in a bearish trend with continued downward pressure. However, the presence of strong support and consolidation may lead to a trend reversal if the price breaks above key resistance levels.

#cryptousdua $SCR