but it's obvious that it's going to fall, it's written in the stars #xlm
Analytical Dog
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$USUAL Has the bottom been reached? Could it fall further?
Indicator Analysis 1. Fibonacci Levels: - The current price (1.1826) is close to the 0.236 level (1.1078), indicating possible support. However, a break of this level could lead the price to retest the 0 level (0.9391).
2. Bollinger Bands: - The price is below the central average of the band (MB: 1.2608), indicating selling pressure. - It has approached the lower band (DN: 0.9942) and is trying to correct upwards. This could signal a potential upcoming bottom, but without clear confirmation.
3. MACD: - The histogram is still negative, and the MACD (blue line) is below the signal line (red line), suggesting that the downtrend may continue in the short term.
4. RSI: - RSI(6): 51.23, RSI(14): 52.67, RSI(24): 55.48. - The values are in a neutral zone, indicating that the asset is not overbought or oversold at the moment.
5. Volume: - The recent volume shows some recovery, but it is not yet significant enough to indicate a strong reversal.
Possible Scenarios 1. Short Scenario: - Confirmation: If the price breaks below the 0.236 (1.1078) level with increasing volume, there is a high chance of testing the support level at 0.9391. - Entry: Short entry can be made at a loss of 1.1000, with a stop above 1.2000. - Target: First target at 1.0000 and second target at 0.9400.
2. Bullish Scenario (Long): - Confirmation: If the price manages to break through the Bollinger average (1.2608) and sustain above it, it is possible to seek the next targets at 1.3000 and 1.3810. - Entry: Entry for long at 1.2100, with a stop below 1.1000. - Target: First target at 1.3000, second target at 1.3800.
Chances (Based on Indicators) - Bearish Scenario: - Probability: 60% (indicators still show weakness and selling pressure). - *Bullish Scenario: - Probability: 40% (need for confirmation of buying strength and breaking of resistance).
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