@Chainbase Official #chainbase $C
📉 On the CUSD/USDT chart (8H, Binance), the asset is trading in a downward channel, continuing to maintain the bearish trend.
🔎 Technical picture:
The price has settled below all key MAs (7, 25, 99) → the medium-term trend remains negative.
Ichimoku: the cloud is red and above the price → strong resistance ahead.
Parabolic SAR is currently above the candles, confirming the dominance of sellers.
Support — 0.227–0.230, resistance — 0.250 / 0.255 / 0.270.
📈 Prospects:
Bullish scenario: exiting the channel and establishing above 0.255–0.260 will open the way to 0.28–0.30.
Bearish scenario: a breakout of the level 0.227 may intensify the decline into the zone of 0.21–0.20.
⚠️ Risks: the current trend is downward, volumes are low, and any upward movement currently looks like a correction.
✅ Conclusion: the asset is at the lower boundary of the range and forming local accumulation. While the priority remains with the 'bears', a breakout of the channel upwards could change the dynamics.
Would you like me to create a trading plan for this asset with entry/stop points?
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