No. 2
Possibles scenarios
Bullish Scenario (Up):
If the price manages to stay above the short-term moving averages and break the resistance at 0.013268 USDT, an uptrend may continue.
An increase in trading volume with a majority of buy operations could reinforce this trend.
Bearish Scenario (Low):
If the price fails to break the resistance and falls below the 0.011106 USDT support, it could start a downward correction.
The current selling pressure could lead to a further decline if not balanced by sufficient buying.
Conclusion:
The chart shows a short-term uptrend supported by moving averages and a recent price increase. However, the prevailing selling pressure suggests caution. If you are considering investing, it would be wise to keep an eye on the support and resistance levels mentioned, as well as the trading volume and the buy/sell ratio.
In summary, there are signs of a possible bullish continuation, but also risks of correction. The prolonged upward trend will depend on the price's ability to overcome key resistances and maintain buying interest.
This is just an interpretation of the previous graph, let us always remember that the market is very volatile and susceptible to external factors such as large economic movements, news, new treaties and agreements among others!
Always inform yourself before investing!
