$USUAL 🚨Will it reach 1.6 this Christmas? 🚨
Fibonacci Retracement: The current price is consolidating near the 0.618 (1.3822) level, which may suggest an attempt to resume the uptrend. To reach 1.6, it would need to surpass the 0.786 (1.5018) level with significant volume.
Technical Indicators:
RSI: The RSI (6) is around 69, indicating that the asset is close to an overbought zone. This may mean that the upward movement may encounter resistance soon, unless there is a strong buying impulse.
MACD: The MACD histogram is slightly positive, suggesting the beginning of bullish momentum, but not yet consolidated.
Bollinger Bands: The price is moving close to the upper band, which reflects high volatility. If this band is broken strongly, the probability of a further rise increases.
Volume: There has been a recent increase in volume, which is positive for the bullish momentum. However, it is necessary to monitor whether it continues to grow.
General Context: The closest resistance appears to be between 1.5 and 1.6 (as per Fibonacci levels). Buying strength would need to increase significantly to break 1.5018 and reach the target of 1.6.
Conclusion:
A reach of 1.6 during Christmas is possible, but will depend on:
Continued increase in trading volume.
Break of resistance at 1.5018 (0.786 level).
Absence of intense selling pressure near overbought levels.
It is recommended to monitor volumes and support levels in case of pullbacks to adjust expectations.
