#cryptotradingpro #analises #TradingTypes101

📉 Technical picture:

1️⃣Bollinger Bands:

• The current price is below the middle band (MB: $2.3218), but has broken out of the lower zone (DN: $2.1209).

• ​​The previous peak is $2.6549, then a series of lower highs.

2️⃣MACD:

• MACD: -0.0288, DIF: -0.0324 — the signal is weak, bearish.

• However, the histogram is decreasing → a possible intersection and an attempt to transition to a flat or a rebound.

3️⃣RSI:

• RSI(6): 29.69 — oversold, a potential reversal zone.

• RSI(12): 38.73, RSI(24): 45.44 — weakness, but started to bend slightly upwards.

4️⃣Volume:

• Volumes are low (76.4 million), activity is fading, indicating the end of the selling momentum.

⸻

📈 Conclusion for the trader:

• 🔹 The price has left the oversold zone → a local rebound is possible.

• 🔹 There are no signals for a confident reversal yet - a breakthrough above $2.20–2.25 and an increase in volume are needed.

• 🔻 If there is no buyer, there is a risk of a support test near $2.12 or below.