I will help you analyze $PENGU data on time frames. 1. Current technical analysis:
2h:
- Price is fluctuating in the range of $0.032-0.034
- RSI is in the neutral zone (40-60)
- MACD is showing a weak crossover signal
- Bollinger Bands are narrowing, indicating accumulation
6h:
- EMA20 is above EMA50, confirming the positive short-term trend
- Volume is decreasing in the accumulation phase
- MFI14 shows that money flow is at an average level
1-day:
- The main trend is still in an uptrend
- Strong support at $0.031
- Important resistance at $0.035
2. 24h forecast scenario:
Scenario 1 - Positive (40% probability):
- Price breaks the resistance at $0.035 and heads towards $0.037-0.038
- Confirmation signs:
* Volume spikes when breaking resistance
* RSI breaks 60 zone
* MACD cuts strongly above Signal line
Scenario 2 - Neutral (45% probability):
- Price continues sideways in the range of $0.032-0.035
- Signs of recognition:
* Volume remains low
* RSI fluctuates between 40-60
* Bollinger Bands continue to narrow
Scenario 3 - Negative (15% probability):
- Price breaks below $0.031, may test $0.029
- Warning signs:
* Selling volume increases sharply
* RSI breaks 40 zone
* MACD cuts below Signal line
3. Recommendations:
- Watch the $0.035 break zone with volume to confirm the uptrend
- Place stop loss below $0.031 zone
- Pay attention to volume and technical indicators to determine good entry points
- In case of sideways, can trade in range with risk/reward ratio > 2