Mostafa _ Ebrahim
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Technical Analysis of $TRUMP
The chart in front of us shows the (1-hour) pattern for the TRUMP/USDT trading pair
1. Current price:
The current price is 36.09 USDT, down -14.05% over the past 24 hours.
Low price in 24 hours: 35.19 USDT.
High price in 24 hours: 42.82 USDT.
2. Indicators used:
Bollinger Bands:
The price is moving close to the lower limit (DN: 35.27), indicating strong selling pressure.
The middle line at 37.45 represents the first resistance, while the upper limit at 39.63 may be the target in case of a rebound.
MACD:
DIF value (-1.16) and MACD (-0.05) indicate a continuation of the downtrend with weak momentum.
The absence of a positive crossover shows that sellers are currently dominant.
RSI (6):
At 36.49, the indicator is in the near oversold zone, which means that there is a possibility of a rebound if buyers enter.
3. Support and resistance levels:
Main support: 35.19 USDT (24-hour low).
1st resistance: 37.45 USDT (Bollinger middle band).
2nd resistance: 39.63 USDT (Bollinger upper band).
4. Volume:
24-hour volume is 33.23M, indicating high interest but with strong selling pressure.
The chart in front of us shows the (1-hour) pattern for the TRUMP/USDT trading pair
1. Current price:
The current price is 36.09 USDT, down -14.05% over the past 24 hours.
Low price in 24 hours: 35.19 USDT.
High price in 24 hours: 42.82 USDT.
2. Indicators used:
Bollinger Bands:
The price is moving close to the lower limit (DN: 35.27), indicating strong selling pressure.
The middle line at 37.45 represents the first resistance, while the upper limit at 39.63 may be the target in case of a rebound.
MACD:
DIF value (-1.16) and MACD (-0.05) indicate a continuation of the downtrend with weak momentum.
The absence of a positive crossover shows that sellers are currently dominant.
RSI (6):
At 36.49, the indicator is in the near oversold zone, which means that there is a possibility of a rebound if buyers enter.
3. Support and resistance levels:
Main support: 35.19 USDT (24-hour low).
1st resistance: 37.45 USDT (Bollinger middle band).
2nd resistance: 39.63 USDT (Bollinger upper band).
4. Volume:
24-hour volume is 33.23M, indicating high interest but with strong selling pressure.
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