What next move up or down? 👇
According to technical analysis;
Here’s an analysis of ATA/USDT based on the provided chart:
Key Observations:
1. Current Price: $0.1978.
2. RSI (Relative Strength Index): 69.74 on the 1-hour chart.
The RSI is approaching the overbought zone, indicating a potential slowdown or reversal in upward momentum soon.
3. Volume: Significant recent volume spike ($14.535M), showing increased market interest and strong activity.
Rem I share $ATA at the price 0.0961 for spot and now price 0.20 if you are member you gain lot of profit 📈.
Support and Resistance Levels:
1. Support Levels:
$0.1886: Immediate support (based on the orange EMA line); price may test this level on minor pullbacks.
$0.1535: Secondary support (green EMA line), acting as a key zone if the price dips further.
$0.0992: Major historical support and bottom area.
2. Resistance Levels:
$0.2500: Immediate resistance; a psychological level the price struggled to break above.
$0.2750: Extended resistance for stronger bullish movements.
Trend Analysis:
The EMA Cross (9, 26) shows a strong bullish trend on the 1-hour chart, but the price has started to cool down after a sharp rally.
Volume has peaked, suggesting momentum may fade soon unless fresh buying pressure emerges.
Buy and Sell Zones:
1. Buy Zone:
Entry near $0.1886 for a bounce opportunity with minimal risk.
$0.1535 is a stronger accumulation zone if the price corrects further.
2. Sell Zone:
Consider selling near $0.2500 - $0.2750, as these levels may face heavy resistance.
Watch for RSI moving into overbought territory (above 70) for sell confirmation.
Key Strategy:
1. For Long Trades:
Wait for a pullback to $0.1886 before entering.
Target $0.2500, with a stop-loss below $0.1800 to manage risk.
2. For Short Trades:
If the price fails to break $0.2500, consider shorting with a target of $0.1886 or $0.1535.
Use a stop-loss above $0.2600 to minimize risk.
Follow for tech content, Free spot and Future Signals Daily and Updates...
