$USUAL 🚨Will it go up or down? 🚨

📊 Technical indicators

1. Bollinger Bands (BB):

- The price is close to the upper Bollinger band, which may indicate overbought. This may suggest a possible short-term correction (decline), but does not guarantee an immediate reversal.

2. RSI (Relative Strength Index):

- RSI(6) is above 80, indicating extreme overbought. RSI(14) is also in a high zone (71), which reinforces the possibility of a corrective movement.

- However, RSI(24) is still at 67, below the overbought zone (70), indicating that there is room for further upside before a correction.

3. MACD:

- The MACD shows a slight positive divergence, with the histogram bars growing, indicating strength in the short-term upward movement.

Candlestick Patterns

The current candlestick shows buying strength, but it is approaching a resistance zone (at 1.2990). There is no clear reversal pattern at the moment, such as a doji or inverted hammer, but you should watch the next candlesticks for possible signals.

Resistance and support

- Important resistance: 1.2990 (marked on the chart and recently tested).

- Relevant support: 1.2016 (where the last pullback occurred before resuming the rise).

📍Conclusion

- Bullish scenario: If the price breaks the resistance of 1.2990 with significant volume, it may continue to rise.

- Bearish scenario: If the price fails to break 1.2990, a pullback to the moving average (MA) or support at 1.2016 is possible.

You should monitor the volumes and behavior near the resistance to confirm the next move.