$USUAL 🚨GET READY🚨
--- Context and Indicators
The USUAL/USDT currency is recovering, trading at 1.1565, up 9.47% in the last 24 hours. After a series of falls, the price has once again tested levels above the 23.6% Fibonacci (1.1103), indicating a market reaction.
- RSI: The index rose to 71 in the 6-month period, indicating overbought and indicating buying pressure, although this may suggest a reversal if the buying force loses intensity.
- MACD: Positive crossover in the histogram, reinforcing the bullish scenario in the short term.
- Bollinger Bands: The price is testing the upper band, suggesting a continuation of the upward movement, with increased volatility.
- Volume: The increase in volume confirms the renewed interest of buyers.
--- Possible Accumulation Phase
As mentioned in the post pinned to my profile, there was a period of accumulation prior to the current high. The break of the resistance at 1.1103, combined with the increase in volume, reinforces the probability that the currency will attempt to reach higher levels in the short term.
--- Projection
If the upward movement continues, the next resistance targets may be:
1. 1.2830 - 50% Fibonacci.
2. 1.3332 - Next point of interest for the market.
Pay attention to the support at 1.1103. If there is a loss of buying strength, the price may return to the accumulation zone.
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