$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).