On the SCRUSDT asset chart on the 4-hour timeframe, the following key elements for analysis can be highlighted:
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.
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.
Parabolic SAR:
The SAR points are located above the price, confirming the downward trend and the possibility of continued downward movement.
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.
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.