Don't analyze this coin anymore. It's really trash.
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Myrtie Duh OEWV
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$THE 1. Trend analysis: - H4: Strong downtrend from 1.82 to 1.64, currently showing signs of forming a short-term bottom - H1: Price is in a sideways accumulation phase in the range of 1.64-1.65 - 30m: Trading within a narrow range of 1.64-1.65, low trading volume 2. Technical indicators: - H4 RSI is in the oversold zone (30-35) - H4 MACD gives a positive divergence signal with the price - OBV shows that selling pressure is gradually decreasing - Bollinger Bands are narrowing on the H1 frame, indicating a high potential for breakout 3. Volume and cash flow: - Trading volume is at a low level - CMF and MFI indicate that cash flow is balanced - The buy/sell ratio is quite balanced in the last 4 hours Trading scenario for the next 4-24 hours: Scenario 1 (probability 60%): - Price continues to accumulate in the range of 1.64-1.65 for another 4-8 hours before breakout - Upside target: 1.72 (+5%) - Confirmation signal: Break 1.65 with strong volume increase Scenario 2 (probability 40%): - Breakdown below 1.64 and continue the downtrend - Downside target: 1.56 (-5%) - Confirmation signal: Break 1.64 with strong volume increase Entry recommendation: - Should not enter right now due to low volatility and no clear breakout signals - Entry points: + Long when breaking 1.65 with strong volume increase + Short when breaking 1.64 with strong volume increase - Stop loss: 2% from the entry point Assessment of the potential volatility +-5%: - High likelihood in the next 12-24 hours of a strong volatility move +-5% due to: 1. Bollinger Bands are narrowing 2. Volume is at an unusually low level 3. RSI is in the extreme zone 4. In a narrow sideways accumulation zone Recommendation: Wait for a clear breakout signal before entering, set conditional orders at the levels of 1.64 and 1.65.
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