AuctionUST price perdition: 19-12-2024

1. Current Price Movement:

• The coin is trading near the $18 level, showing slight recovery with a +2.8% to +3% move in the last daily candle.

2. Trend Channel:

• The price is within an ascending channel, but it has tested the lower boundary, indicating potential support in this region. A break below the channel may lead to further downside.

3. Support and Resistance:

• Immediate resistance levels are $18.96, $20.69, and $24.73.

• Supports are around $17.34, $15.21, and $11.53.

4. RSI Indicator:

• RSI is hovering near 50, suggesting a neutral stance with neither overbought nor oversold conditions. If it trends higher, it could indicate bullish momentum.

5. MACD Indicator:

• MACD lines are near the zero line and showing weak bearish crossover. This suggests a cautious stance; a bullish crossover would confirm momentum.

Suggested Strategy:

• Bullish Case: If the price holds above $17.34 and breaks $18.96, it may target $20.69 or higher.

• Bearish Case: If it breaks below $17.34, watch for $15.21 as the next support.

• Entry/Exit Points:

• Long entries above $18.96 with stops below $17.34.

• Short positions if it breaks below $17.34 targeting $15.21.