$USUAL Technical analysis of USUAL/USDT using two different time frames.
Time frame 1 hour:
1. Current price: 1.3713
2. General trend:
The trend is bullish in the time frame used, supported by the formation of rising highs and lows.
The highest level achieved is 1.6521.
3. Technical indicators:
Bollinger Bands:
Upper limit: 1.5721
Lower limit: 1.1646
Average: 1.3684
The price is close to the upper boundary, indicating that the price may face resistance nearby.
RSI(9): At 52.9812, indicating a neutral zone (no strong overbought or oversold).
Volume: 7,219,480.5, reasonable volume that supports the continuation of the movement.
MACD Indicator:
Moving Average (5): 46,941,433.4
Moving Average (10): 47,111,035.2
Indicators point to bullish momentum with a possible slight correction in the near term.
Time frame 15 minutes:
1. Current price: 1.3791
2. General trend:
It shows an ascending channel clearly defined by ascending support and resistance lines.
The price is currently approaching the upper limit of the channel at 1.3791.
3. Technical indicators:
The price bounced strongly from the support level at 1.100, and continued moving upwards within the channel.
The last candles indicate buying pressure on the bounce from the lower border of the channel.
Trading volumes are gradually increasing, which reinforces the continuation of the bullish momentum.
Comparative analysis:
On the larger time frame (1 hour), the price is trading near the upper border of the Bollinger Band indicator, indicating a possible correction or temporary stabilization.
On the smaller time frame (15 minutes), the price is trading within a clear ascending channel with a continuous test of the upper resistance line.
The RSI in both frames is not showing overbought, which means that the upside could continue while monitoring support and resistance levels.
Possible direction:
1. Upward trend:
If the price manages to break the upper boundary of the ascending channel on the 15-minute frame at the level of 1.3800-1.3850 with strong momentum and high trading volumes, it is expected to target the levels of 1.4500 and then 1.5000 in the short term.
2. Downward trend:
If the price fails to maintain the momentum, it may return to test the support level at 1.3000 or the lower limit of the channel at 1.2500 and if this happens, it will be an important buying position.
Conclusion:
Based on the indicators, the general trend is bullish with a possibility of a slight correction.
It is advisable to watch the 1.3800 levels as a major resistance level. If broken, the momentum will be positive towards higher targets.
