As of January 15, 2025, Usual (USUAL) is trading at approximately $0.54, reflecting a slight decrease of about 0.54% over the previous day.
Analyzing the 4-hour chart of USUAL using the Wyckoff Methodology, we can identify the following phases and key events:
1. Accumulation Phase:
Preliminary Support (PS): Initial buying interest emerged around $0.50, indicating that the downtrend was losing momentum.
Selling Climax (SC): A significant increase in selling pressure drove the price down to approximately $0.48, where substantial buying absorbed the supply, marking the lowest point in this phase.
Automatic Rally (AR): Following the SC, the price rebounded to around $0.55, establishing the upper boundary of the trading range.
Secondary Test (ST): The price revisited the SC level near $0.48 to test the support, confirming the presence of demand.
2. Accumulation Structure:
Phase A: Concluded with the SC and AR, defining the trading range between $0.48 and $0.55.
Phase B: Characterized by sideways movement within the established range, indicating accumulation by strong hands.
Phase C: A potential "Spring" occurred when the price briefly dipped below $0.48 to approximately $0.47, followed by a quick recovery, suggesting a bear trap designed to mislead traders.
Phase D: Signified by a breakout above $0.55, accompanied by increased volume, indicating the start of an uptrend.
Phase E: The current phase, where the price is trending upwards, reaching new highs around $0.54.
3. Distribution Phase:
Preliminary Supply (PSY): Selling pressure emerged near $0.60, slowing the uptrend.
Buying Climax (BC): A peak formed around $0.62, followed by increased volatility.
Automatic Reaction (AR): A decline to $0.55, establishing the lower boundary of the new trading range.
Secondary Test (ST): A retest of the $0.62 level, failing to break higher, indicating potential distribution.
Current Outlook:
The price is consolidating between $0.55 and $0.62, suggesting a potential distribution phase.
A breakout above $0.62 with strong volume could indicate continuation of the uptrend.
Conversely, a breakdown below $0.55 may signal the beginning of a markdown phase.
*Note: Wyckoff analysis is interpretative and should be used in conjunction with other technical analysis tools and market context for informed trading decisions.*
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