. Price and MA Chart Analysis:
Moving Average: MA 7 (orange) is at 0.015849. MA 25 (purple) is at 0.019787. Current price is fluctuating below MA 7 and MA 25, showing that the downtrend is take place. This is often considered a short-term sell signal.
2. Bollinger Bands (BB):
Bollinger Bands: Upper Band (BB Upper) at 0.020220. Middle Band (BB Median) at 0.017555. Lower Band (BB Lower) at 0.014890. Current price is near the lower band of Bollinger Bands, which may indicate that the price is oversold and likely to rebound in the short term.
3. MACD indicator:
MACD:MACD line is at -0.000203.Signal line is at -0.000937.Histogram: -0.001139.MACD and Signal are below 0 and have crossed down, showing that the downtrend continues to be strong.
4. RSI (Relative Strength Index):
RSI: RSI 14 is at 31.21. RSI below 30 is often considered an oversold zone, but currently RSI is near this zone, indicating the possibility of a price bounce.
5. MFI Index (Money Flow Index):
MFI:MFI 14 at 25.30.MFI below 20 is the oversold zone, indicating that selling pressure may decrease and buying is likely.
6. Trading volume:
Volume: Trading volume (SMA 9) is at 1,283B. The decreasing trading volume shows a loss of momentum in the current trend.
Conclude:
Current trend: Downtrend is ongoing. The current price is fluctuating below the MA lines and near the lower band of the Bollinger Bands. Recommendation: If you already hold this stock, you may consider monitoring it closely to see if the price can hold the current support level. Are not. If the price crosses MA 7 with increasing volume, this could be a buy signal. However, if the price continues to fall below the current support level, cutting losses may be considered.
Note:
This is technical analysis only and is not an investment recommendation. Always combine technical analysis with fundamental factors and market news before making investment decisions.
#NOT🔥🔥🔥 #Notcoinnews #Notcoin👀🔥
