#TrumpTaxCuts TRUMP/USDT (4-hour timeframe):
Moving Averages (7, 21, and 50 EMAs)
- The 7 EMA (yellow) is below the 21 EMA (pink), indicating short-term weakness.
- Both are above the 50 EMA (purple), suggesting that the overall trend remains bullish in the medium term, but is cooling off.
RSI (Relative Strength Index)
- The RSI is at 44.12, fairly neutral-bearish (below 50), with no oversold or overbought signals.
- This suggests that the market does not have much buying power right now.
MACD
- The MACD is at -0.24, below the signal line (DEA 0.93).
- The histogram shows red bars, indicating bearish momentum pressure.
StochRSI
- The StochRSI is 0.65, and the fast line (StochRSI) is 7.60, very low.
- This is already entering the oversold zone: a technical rebound may occur, but there is no confirmation yet.
Price and Candlesticks
- The price broke below the dynamic support of the 7-EMA and the 21-EMA.
- There is a pattern of lower highs, which supports a short-term bearish structure.
Conclusion:
TRUMP/USDT is currently in a short-term downtrend.
We could see further declines toward the support zone (possibly near 13.30 USDT or even 12.70 USDT, the 50-EMA) before attempting a rebound.