$REX

📊 4-hours chart technical analysis of #REX

✅Price Momentum:

The current price of REX is $0.0087685, with a 67.50% increase. The chart shows a downward trend, but the recent price action indicates a potential reversal.

Indicators:♂️

✅MA(7): 0.007332 (yellow line) - This short-term moving average is below the current price, indicating a potential bullish signal.

✅MA(25): 0.007059 (purple line) - This medium-term moving average is also below the current price, supporting the bullish signal.

✅MA(99): 0.012926 (pink line) - This long-term moving average is above the current price, indicating a potential bearish signal.

✅RSI(6): 79.642143 - The Relative Strength Index is above 70, indicating overbought conditions and a potential reversal.

Signals:🚦

✅ The chart shows a potential bullish divergence between the price and the RSI indicator.

✅The short-term moving averages (MA(7) and MA(25)) are below the current price, indicating a potential buying signal.

✅However, the long-term moving average (MA(99)) is above the current price, indicating a potential selling signal.

Conclusion:⚠️

Based on the 4-hour chart technical analysis, REX shows a mixed signal. The short-term indicators suggest a potential bullish reversal, while the long-term indicator indicates a bearish trend. Traders should exercise caution and consider other factors before making a trading decision. It's essential to monitor the price action and adjust the analysis accordingly.