1. General trend
Current price: 135.74 USDT
The price is trading above EMA(25) 130.90 and EMA(99) 123.76, indicating a short-term bullish trend.
Strong support level at 125.86 and nearby resistance level at 139.33.
2. Technical indicators
✅ Moving Averages (EMA)
The price is above the EMA(25) and EMA(99), which reinforces the bullish outlook.
EMA(25) is crossing bullishly with EMA(99), which is a positive signal.
✅ Relative Strength Index (Williams %R - Wm %R 14)
The value is -29.92, which means that the currency is close to the overbought zone but has not reached it yet.
✅ MACD indicator
DIF (1.73) is higher than DEA (1.50), indicating continued bullish momentum.
The histogram is positive, confirming the upward trend.
3. Forecast and Strategy
📈 Uptrend: If the price breaks $139.33 with a strong candle close, we may see the continuation of the rise towards $145-150.
📉 Strong Support: In case of a decline, the price can find support at $130.91 and then $125.86.
✅ Entry Strategy:
Enter a buy trade on a retest of $130-132 with a stop loss below $125.
The first goal is $140, and the second goal is $145.
⚠️ Note: It is preferable to follow the news and market fluctuations, as digital currencies are greatly affected by external factors.