coin Name #FARMUSDT
Coin name: FARM/USDT
current price: 69
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1-Hour Chart Analysis:
RSI(6) at 20.25 suggests oversold conditions, potentially indicating a buying opportunity.
StochRSI at 18 and MaStoch RSI at 35 also suggests oversold conditions.
MA(5) and MA(10) can act as short-term support levels if the price approaches from below.
4-Hour Chart Analysis:
RSI(6) at 18, StochRSI at 4, and MaStoch RSI at 4 indicate significant oversold conditions.
Similar to the 1-hour chart, MA(5) and MA(10) on the 4-hour chart can act as support levels.
Combined Analysis:
Both charts suggest oversold conditions, indicating potential buying opportunities.
Previous lows around $47 could serve as strong support levels, especially considering the significant bounce observed from that level previously.
Psychological support levels such as $50 and $60 may also attract buying interest.
The previous resistance turned support level around $128 could also provide support if tested again.
When combining the analysis from both charts, potential support levels for FARM/USDT include around $47, $50, $60, and the previous resistance turned support at $128. However, it's essential to monitor price action, market sentiment, and other technical indicators for confirmation before making any trading decisions.
