šĀ $PSG /USDT Technical Analysis (4H Chart)
š¹Ā Current Price:Ā 1.994 USDT
š¹Ā Daily Gain:Ā +20.12%
š¹Ā Moving Averages:
šÆĀ Upside Targets (If Momentum Continues):
Target 1: 2.40 USDT
Target 2: 2.80 USDT
Target 3: 3.20 USDT
MA 20: 1.569
MA 50: 1.496
MA 200: 1.569
šĀ Market Outlook & Key Observations
Golden Cross in Play:
The 20-period MA has crossed above both the 50 and 200-period MAs ā a strong bullish signal indicating short-term momentum is accelerating.
Break Above the MA200:
Price has convincingly broken through the 200 MA, suggesting a potential trend reversal and the beginning of a new bullish leg.
Base Formation Confirmed:
A wide accumulation zone between 1.20 ā 1.40 USDT has now been followed by an explosive breakout, confirming bullish intent.
Approaching Key Resistance:
The price is now testing the psychological resistance at 2.00 USDT. A clean break above could open the doors for further upside.
ā ļøĀ What to Watch
RSI is likely entering overbought territory ā potential for a short-term pullback.
2.00 USDT is a critical resistance level ā profit-taking may occur here.
MA200 could act as a dynamic support if retested ā potentially a buy-the-dip zone.
š¢ Momentum is clearly shifting in favor of the bulls ā but as always, risk management is key.
