🛑🛑🛑 Technical analysis $1000SAT/SUSDT (3D) 🛑🛑🛑
$1000SATS $NOT $BB

  1. Parabolic SAR (Parabolic Arab Resistance System) indicator:

    • At the moment, Parabolic SAR points are located above the candles, indicating a downward trend. 📉

  2. Indicator Ishimoku:

    • Kijun-sen (blue line): Indicates a long-term trend. The line is above the current price, indicating a bearish trend. 🐻

    • Tenkan-sen (red line): Indicates a short-term trend. The line is also above the current price.

    • Senkou Span A and B (cloud): The current price is below the cloud, which is a bearish signal. However, the cloud shows possible resistance and support in the future.

    • Chinkou Span (green line): The lag line is below the price chart, confirming the bearish trend. ⏳

  3. Support and resistance levels:

    • Resistance: Area around $0.0005541. The price tried to break through this level several times, but without success. 🔼

    • Support: Area around $0.0003008. This level supports the price and does not allow it to fall much. 🔽

  4. Trend line:

    • The chart shows a downward trend line, which shows the downward price movement in recent weeks. If price breaks this line upward, it could signal a possible bullish reversal. 📏

  5. Volume:

    • Volume showed significant spikes, indicating periods of high trading activity. However, recent volume is relatively low, indicating a decline in interest or consolidation. 📊

  6. Trend Strength Index (TSI):

    • The TSI value of 0.6152022 indicates a weakening bearish trend. This could be an early sign of a possible reversal. 📈

  7. Volume indicator OBV (On-Balance Volume):

    • The OBV indicator shows a reading of -1.514T, indicating that overall selling pressure was stronger than buying pressure. However, the recent rise indicates some buying interest. 📉

conclusions

  • Short Term: In the short term, we see several bearish signals such as the Parabolic SAR positions and the Ichimoku Cloud. However, the price is showing signs of forming a potential bottom near the support level of $0.0003008.

  • Medium Term: In the medium term, the price must break the downward trend line and rise above the $0.0005541 resistance level to confirm a bullish reversal.

  • Long Term: To confirm a long-term bullish trend, price must hold above the Ichimoku cloud and continue to show rising volume and OBV.

📊 Trading recommendations:

  • Buy: Consider buying near the $0.0003008 support level with a short stop loss below this level.

  • Sell: Selling may be wise around the $0.0005541 resistance level if the price fails to break through this level.

  • Caution: Watch for a break above the downtrend line, which could signal a bullish reversal.

If you have additional questions or need help with other aspects of the analysis, don't hesitate to reach out! 📈💼

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