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Here are the highlights based on the chart attachment and previous information:
1. Chart Analysis (VANA/USDT - 30M Chart)
Current Price: $34.937 (Trending upward).Resistance:Near-Term: $34.855 (previous peak).Strong Zone: ~$35.000 (psychological level).Support:Immediate: $34.345 (short-term pullback area).Key Demand Zone: ~$31.220 to $30.755 (highlighted as a potential re-entry area).
2. Indicator Overview
Positive Signals:
Rational Quadratic Kernel (RQK) and SuperTrend confirm bullish momentum.Ichimoku Cloud: Price is trading above the cloud, indicating a strong upward trend.MACD (Crossover): Bullish crossover, confirming momentum remains in favor of buyers.HullSuite: Uptrend confirmed with price above moving averages.
Caution Flags:
DMI (ADX): Weak ADX readings suggest trend strength may need further confirmation.Range Filter: Mixed signals, implying price might consolidate before continuing upward.
3. Price Action Observations
Price is respecting the ascending trendline and has maintained an upward channel.A spike in volume during the breakout above $32 suggests strong buying interest.The green demand zone between $31.220 and $30.755 can act as a pullback area if correction occurs.
4. Key Highlights to Watch
Immediate Targets:
Breakout above $35.000 could open the door for further upside towards $37.500.
Potential Retracement Zones:
Watch the demand zone (between $31.220 and $30.755) for support on any pullbacks.
Volume Confirmation:
Continued volume growth is required for the breakout to sustain.A lack of volume might signal consolidation or reversal.
Indicators for Confirmation:
Monitor the MACD, SuperTrend, and HullSuite for continued bullish signals.A sudden DMI trend surge will validate the uptrend strength.
Summary
Trend: Bullish with strong momentum confirmed by indicators.Support: $34.345 and $31.220.Resistance: $35.000 and $37.500.Outlook: Watch for a clean breakout above $35.000. Use the demand zone for strategic re-entry on retracements.
