$USUAL A Coin Analysis Hourly Frame:
General Trend:
The trend is clearly bullish, with a break of key resistance levels.
The price is currently at 1.5326, after achieving gains of +31.90% in 24 hours.
Technical Indicators:
1. Moving Averages (MA):
The price is above the MA(7) and MA(25), indicating the continuation of the bullish trend.
MA(99) at 0.9475 is still far from the price, confirming the bullish momentum.
2. Relative Strength Index (RSI):
At 70.23, indicating the presence of overbought conditions, and there may be a correction soon.
3. MACD:
The difference between the DIF and DEA lines is positive (0.1078 and 0.0940), indicating the strength of the bullish trend.
4. SAR Indicator:
SAR dots are below the candles, which reinforces the positive outlook for the price in the near term.
Expected scenarios♥:
If the upward momentum continues, the next resistance level at 1.65 may be tested.
In case of a correction, the first major support is at 1.45 (MA7), then 1.30 (MA25).
Recommendation♥♥:
If you entered the trade previously, place a stop loss below the support level of 1.45.
If you are thinking of entering now, watch for a possible correction before making a buy decision.