$USUAL: Is a Bull Run Brewing? 🐂
My analysis of the $USUAL 1-day chart suggests a potential bullish breakout. 📈
Recent Action:
A parabolic rise peaked at $1.6521, followed by a sharp correction. 📉 However, a bullish hammer formed near the crucial $1.00 support, indicating strong buying interest. 🔨
Key Support & Resistance:
The $1.00 level is key. Holding this level is crucial for a bullish continuation. 📈 Breaking above $1.2160 resistance could trigger a move towards $1.30-$1.65.
Technical Indicators:
MAs:
The price is above the MA(25), indicating a strong overall trend.
MACD:
Shows potential for a bullish crossover.
RSI:
Neutral at 52.83, allowing for further upside.
Potential Pattern:
The recent pullback could be a flag pattern, suggesting a pause before a renewed uptrend. 🚩
If:
Volume increases 📈
$1.2160 resistance is broken 突破
Then:
$USUAL could move towards $1.30 and potentially retest the all-time high of $1.65.
However:
If $1.00 support fails, a deeper retracement towards $0.85-$0.90 is possible. 📉
Disclaimer:
This is my personal analysis and not financial advice. Always DYOR and trade responsibly. ⚠️
What are your thoughts?
Share your analysis in the comments below! 👇
