From the analysis of the chart image #rthusdt on the Binance app, here's what appears technically:
1. Overall Trend:
The overall trend is clearly downward, especially from the previous peak (2857.34).
Moving Averages (MA):
MA(7) = 1671.01
MA(25) = 1866.00
MA(99) = 2584.76
All averages are above the current price = Continuous selling pressure.
2. Support and Resistance:
Support: The nearest support was at 1385.05 (which is the lowest price in 24 hours).
Resistance: 1673.29 (highest price in 24 hours), and MA(7) and MA(25) may currently act as resistances.
3. Technical Indicators:
RSI and MACD are not detailed here, but from the shape of the candles and the explosion in volume, a corrective rebound seems possible.
Volume: There is a strong increase in volume in the last candles = Possible entry for speculation or the beginning of a change in direction in the short term.
4. Candlestick Patterns:
The last candle is green and long, coming after a sharp decline = A strong rebound is visible.
This type of rebound could be a bullish engulfing, especially if today's candle covers the previous one.
5. Ratio of Buyers to Sellers:
%96.97 Buyers = Market sentiment is currently positive but caution is needed, it could just be a temporary rebound.
Technical Recommendation (not financial advice):
If you intend to enter: Be cautious, entering from this level could be risky if it cannot break through MA(7) and MA(25).
Waiting for Confirmation: The price needs to hold above 1671 (MA7) to say it's the beginning of a trend change.
Stop Loss: Below 1385 or according to your strategy.
Do you want me to give you an analysis in a video with a local dialect voice, or a short recommendation that can help you on Instagram or TikTok?
