Analysis according to the #1000SATSđ„đ„đ„đ„ /USDT chart
1. Price movement forecast (short and medium term):
Short term forecast:
The price is attempting to exit the downward channel. In the next few days, a slight increase to the resistance level located in the area of ââ0.0003000 USDT is possible.
Mid-term forecast:
If the price can consolidate above the level of 0.0003000 USDT, then an increase to the Ichimoku cloud (about 0.0003500-0.0004000 USDT) is possible. Otherwise, a rollback to the lower border of the channel is possible.
2. Support and resistance levels:
Support Levels:
0.0002700 USDT
0.0002500 USDT
Resistance levels:
0.0003000 USDT
0.0003500 USDT
3. Possible entry, exit, stop loss points for a long position:
Entry point for long:
0.0002900-0.0003000 USDT (if resistance breakdown is confirmed)
Exit point:
0.0003500 USDT (first level)
0.0004000 USDT (second level)
Stoploss:
0.0002700 USDT
4. Possible entry, exit, stop loss points for short positions:
Entry point for short:
0.0003000-0.0003100 USDT (with a pullback from resistance)
Exit point:
0.0002700 USDT (first level)
0.0002500 USDT (second level)
Stoploss:
0.0003200 USDT
5. Consideration of long and short scenarios with probability assessment:
Long scenario:
Probability: 60%
Supported: breakdown of the level 0.0003000 USDT, growth in volumes, exit from the downward channel, confirmation on the RSI indicator (above 50).
Short scenario:
Probability: 40%
Supported: rollback from the level of 0.0003000 USDT, decreasing volumes, movement within the descending channel, confirmation on the RSI indicator (below 50).
Consideration of additional factors:
Volume indicator: If the volume increases at the breakout of the level of 0.0003000 USDT, we can expect continued growth.
Volume profile indicator Ancored: Concentration of volumes in the area of ââ0.0003000 USDT.
Ichimoku Cloud indicator: The resistance cloud is located above the current price, the breakdown of which will give a buy signal.
Parabolic SAR Indicator: Currently supporting short-term growth.
EMA indicator: EMA(20) is below the current price, which supports the short-term uptrend.
YK Round Levels Indicator: Round levels such as 0.0003000 USDT act as psychological resistance levels.
RSI Indicator: The RSI is currently above 50, which supports bullish sentiment.
LiquidationHeatMap chart: Accumulation of liquidations in the range of 0.0003000-0.0003200 USDT.
Exchange reserve: Decrease over the last 7 days.
Net deposits on exchanges: Decline over the last 7 days.
Capital inflow: Capital outflow predominates.
Inflow of large holders: Outflow of large holders predominates.
Growth of active addresses: Stable growth.
Growth of new addresses: Stable growth.
Trade volume: Growth over the last 7 days.
Based on an analysis of the current chart and additional factors, the long scenario has a higher probability (60%) compared to the short scenario (40%). đ âĄïž@INVESTIDEAUA