$ATA Currency Analysis on the hourly frame:
1. General trend: The trend is strongly bullish, with a noticeable increase in trading volume and price.
2. Indicators:
RSI (6): at the level of 80.46, indicating that the market has reached a state of overbought and there may be a correction soon.
Moving averages:
MA(7): 0.2285
MA(25): 0.1997
MA(99): 0.1799 Current prices are trading above all averages, confirming the upward trend.
Parabolic SAR: Dots below the price, which supports the continuation of the upward trend.
Supports and resistances♥:
1. Supports♥:
First support: 0.2177 (according to Parabolic SAR).
Second support: 0.2105 (price convergence level with the MA(7)).
3rd Support: 0.1832 (24-hour low).
2. Resistances♥:
1st Resistance: 0.2480 (24-hour high).
2nd Resistance: 0.2526 (Potential top based on previous extension).
Advice♥♥:
If you already own the currency, you can take partial profits at the 1st Resistance 0.2480.
In case of correction, try to buy at the mentioned supports.
Monitoring the RSI is important, as it indicates a possible correction is coming soon.