đ JASMY/USDT đŻ
Based on the data shown in this images, hereâs a summarized analysis of the cryptocurrency, its expected direction, and a strategy with entry and exit points and stop-losses.
âťď¸General :
⢠Current Price: $0.028845, down by 2.20%.
⢠Trading Volume: The 9-day SMA is 120.826 million, with a recent increase in trading volume.
⢠Cumulative Volume Delta (CVD): Continually decreasing, indicating significant selling pressure (current value -131.652 billion).
⢠Aggregated Spot CVD: Reinforces the selling pressure (current value -41.653 billion).
⢠Funding Rates: The current funding rate is 0.0105, indicating that short-term traders are leaning towards buying.
⢠Open Interest: Currently 761.106 million, showing an increase in trading interest recently.
⢠Aggregated Futures Orderbook Liquidity Delta: The current value is 1.492 million, indicating good market liquidity.
âťď¸Forecast:
⢠Short-Term: The price is expected to continue falling due to ongoing selling pressure, but the increasing trading volume may indicate an upcoming reversal.
⢠Long-Term: If the price reaches the buy zone between $0.013112 and $0.019861, a price rebound and value increase are likely if trading volume and interest persist.
âťď¸Support and Resistance Levels Based on Fibonacci Retracement:
⢠23.6%: $0.035208
⢠38.2%: $0.029343
⢠50%: $0.024602
⢠61.8%: $0.019861
⢠78.6%: $0.013112
âťď¸MACD Indicator:
⢠Signal Line: 0.001327
⢠MACD Line: -0.000090
⢠Histogram: -0.001417
⢠The MACD indicates ongoing selling pressure.
âťď¸Conclusion:
⢠Short-Term: The price may continue to decline towards the buy zone between $0.013112 and $0.019861.
⢠Long-Term: If the buy zone is reached, a price rebound and increase in value are likely.
#CryptoPCEWatch #MtGoxJulyRepayments #CryptoTradingGuide #Megadrop #MicroStrategy
Currency selected by @Nam Don