Usual ($USUAL
) is currently trading at $0.922, reflecting a 13.78% decrease from the previous close.
Technical Analysis:
Trend Analysis: The prevailing trend for USUAL is bearish, with strong sell signals observed over the past week and month.
Moving Averages: The 7-day moving average (MA) is $0.9245, the 25-day MA is $0.9665, and the 99-day MA is $1.0239, indicating a negative short-term trend.
Support and Resistance Levels: Immediate support is at $0.90499 (24h low), and resistance is at $1.096 (24h high).
Trade Signals:
Sell Signal: Consider entering a short position if the price falls below $0.90499, targeting the next support levels.
Buy Signal: If the price breaks above $1.096, consider entering a long position, with targets at $1.10 and $1.20.
Target Levels:
1. Target 1: $0.90 (24h low)
2. Target 2: $0.85
3. Target 3: $0.80
Trade Momentum:
The current momentum is bearish, supported by strong sell signals from technical indicators. However, monitor the price action closely, as cryptocurrency markets are highly volatile.
*Note: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.*
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