#WLD/USDT
To analyze the currency from the image, there are several factors to consider:
1. General trend (Trend):
- It is clear that the currency saw a significant increase in its value, reaching $11.99, but then it came back and dropped significantly to $1.4219. The general trend of the currency seems to be bearish at the moment.
2. Moving Averages:
- The 21-day Exponential Moving Average (EMA) (in yellow) is currently at $2.0386, which is below the 50-day moving average (in red) at $2.9647. This indicates that the general trend is bearish as the current price is below these averages.
3. Relative Strength Index (RSI):
34.0888, which indicates that the market is close to the oversold area, but not yet in the area that indicates a confirmed reversal.
The overall trend of this currency seems bearish at the moment, with some indicators suggesting a slight bounce, but no strong signs of a trend reversal. If you are thinking of buying, you should be cautious and monitor other indicators or wait for stronger signs of a trend reversal. If you already own the currency, you may want to keep a close eye on the situation to avoid bigger losses. Based on this analysis, the price of the currency #WLD may drop to visit 0.96 and may break the price to around 0.87, however, you should constantly monitor the market.
After the hard landing TO the moon 15.354