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1. Bollinger Bands (BOLL):
The price is near the upper band, which may indicate a potential overbought condition and a downward correction in the short term.
However, as long as the price remains above the middle line (MB), it may continue to rise.
2. RSI (Relative Strength Index):
RSI at 72.57 indicates overbought, reinforcing the possibility of a short-term correction. An RSI above 70 is usually a signal that the market may be in an overbought zone.
3. MACD (Moving Average Convergence/Divergence):
Positive MACD (0.21) and DIF > DEA suggest that the upward trend still has strength.
As long as there is no bearish crossover between DIF and DEA, the bullish momentum may continue.
Prediction:
Short term: There could be a small correction towards the middle line of the Bollinger Bands (around 16.04), especially if the RSI continues to rise or remains high.
Medium term: If the price manages to stay above 18.50 and the yellow moving average, we could see a new attempt to surpass $19.45 (recent high). If it breaks above with strength and volume, it could target levels close to $20 or even higher.
Recommendation:
If you are already in: Consider protecting your gains with a tight stop-loss at levels close to $18.50.
If you are out: Wait for a correction towards $17 or a confirmed breakout above $19.45 with good volume before entering.
Keep an eye on trading volume, as it can confirm whether the movement is sustainable#BecomeCreator #Write2Earrn
1. Bollinger Bands (BOLL):
The price is near the upper band, which may indicate a potential overbought condition and a downward correction in the short term.
However, as long as the price remains above the middle line (MB), it may continue to rise.
2. RSI (Relative Strength Index):
RSI at 72.57 indicates overbought, reinforcing the possibility of a short-term correction. An RSI above 70 is usually a signal that the market may be in an overbought zone.
3. MACD (Moving Average Convergence/Divergence):
Positive MACD (0.21) and DIF > DEA suggest that the upward trend still has strength.
As long as there is no bearish crossover between DIF and DEA, the bullish momentum may continue.
Prediction:
Short term: There could be a small correction towards the middle line of the Bollinger Bands (around 16.04), especially if the RSI continues to rise or remains high.
Medium term: If the price manages to stay above 18.50 and the yellow moving average, we could see a new attempt to surpass $19.45 (recent high). If it breaks above with strength and volume, it could target levels close to $20 or even higher.
Recommendation:
If you are already in: Consider protecting your gains with a tight stop-loss at levels close to $18.50.
If you are out: Wait for a correction towards $17 or a confirmed breakout above $19.45 with good volume before entering.
Keep an eye on trading volume, as it can confirm whether the movement is sustainable#BecomeCreator #Write2Earrn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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