Based on the chart analysis of HARD/USDT on a 15-minute timeframe, here are the notes:
Quick technical analysis:
1. Candlestick patterns:
There is a strong bullish candle (Marubozu) indicating strong and sudden buying momentum.
Previous resistances were broken strongly, showing a clear dominance of buyers.
2. Moving Averages (MA):
The current price is above all short-term averages (MA5, MA10, MA20), which is a strong bullish signal.
A clear bullish crossover between the averages, supporting the continuation of the upward trend.
3. MACD:
The black line (DIFF) is above the yellow line (DEA) with increasing momentum.
The green MACD bars are increasing, indicating strong upward momentum.
4. Trading Volumes:
There is a clear explosion in trading volume coinciding with the rise, supporting the credibility of the movement.
---
Recommendations:
Upward (positive scenario):
As long as the price remains above 0.0285, the upward trend is likely.
The next potential resistance target is 0.0380 then 0.0420 if the momentum continues.
Entry can be considered provided watching for a solid break of the level 0.0322.
Downward (negative scenario):
Any break below the support level of 0.0285 may lead to a correction to 0.0250 and possibly 0.0220.
The presence of a strong reversal candle or a decrease in trading volume may be a signal to exit or take caution.
---
Advice:
Do not enter at the peak of the candle after a price explosion, wait for a support test or a slight pullback before buying.
Use a stop loss below 0.0285 to protect capital in case of entry.
Please, my friends
You will receive all the new updates