📊 First: Price Overview
Current Price: 108,149 USDT
🟩 Highest Price in 24 Hours: 108,420 USDT
🟥 Lowest Price: 107,245 USDT
It is clear that the price is oscillating laterally within a narrow range.
🔷 1. General Trend Analysis
🚀 The overall trend on the daily timeframe is bullish in the medium term.
There is a strong bounce from the 98,200 USDT level, and the price is forming higher highs and higher lows, which is a bullish sign.
🟩 2. The pattern appearing on the chart
❎️ Based on the visible shape:
✅ There is a bullish Double Bottom pattern close to the 98,200 level, which is a strong reversal pattern:
First Bottom: 98,200
Second Bottom: Very close to the first
Neckline: around 108,400, which was temporarily breached and then the price returned to test.
✅ If the daily close is above 108,400 firmly, the technical target of the pattern is:
Target = (Neckline - Bottom) + Neckline
Target = (108,400 - 98,200) + 108,400 ≈ 118,600 USDT
📌 3. Technical Indicators:
▪️ RSI Indicator (6)
Value: 55.68 🔼
↗️ This indicates moderate bullish momentum without overbought conditions.
⬆️ As long as RSI is above 50, it supports the continuation of the rise.
▪️ MACD Indicator
Clear positive crossover: MACD > Signal
⭕️ Momentum is moving in the positive area, supporting the strength of the bullish trend.
▪️ Bollinger Bands Indicator:
◀️ The price is currently close to the upper limit: 110,522
↗️ Any breakout of the upper limit with high volume = Strong bullish signal.
🔄 The band has started to widen slightly → this indicates the beginning of a strong movement nearby.
🔸 4. Volume
The volume is fluctuating but there are some increases in bullish candles.
🟩 We need a strong green candle with high volume for a real breakout.
🧭 5. Important Support and Resistance Levels:
Level Type
108,400 Current Resistance (Neckline)
110,500 Bollinger Upper Resistance
112,000+ Strong Psychological Resistance
104,800 Strong Previous Support
100,900 Medium Support
98,200 Major Support (Double Bottom)
✅ Technical Recommendation:
🔹 Positive Scenario (Likely):
If a daily candle closes above 108,500 with strong volume:
🎯 First Target: 110,500
🎯 Second Target: 112,000
🎯 Third Target: 118,000 (Double Bottom Pattern Target)
❌ Negative Scenario:
If the price fails to hold above 108K and breaks 104,800 with a daily close:
⚠️ The price will return to test 100,900 and possibly even 98,200.
⚠️ Important Note:
> Any buy entry now needs clear breakout confirmation above 108,500, with high trading volume.
