The analysis of T/USDT on the 4-hour timeframe shows a very strong price breakout, which we observe through:
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Technical analysis
1. Overall trend:
The upward movement is clear and surprising, with the price explosion starting from around 0.0146 to reach 0.02387.
The price is now at 0.02287, slightly below the peak, indicating continued momentum but also potential for a correction.
2. Moving averages:
All moving averages are diverging and rising:
MA5 at 0.01772, far from the current price, indicating a large price gap and the market's need for correction or rest.
The gap between the price and MA20/50 means that the price is too high compared to its averages.
3. MACD indicator:
Strong bullish crossover:
MACD: +0.001494
DIFF: +0.001208
DEA: +0.000461
Green bars have started to appear with high momentum, but the current candle is very large, which may indicate overbought conditions.
4. Trading volume:
A huge jump in trading volumes, supporting the current rise.
But it should be monitored whether this momentum will continue or fade in the coming hours.
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Future price predictions (over 1-3 days)
Positive scenario (continuation of the rise):
If the level of 0.02387 is broken with a strong 4-hour close:
First target: 0.02550
Second target: 0.02700 (according to Fibonacci)
Negative scenario (natural correction):
If a correction begins, potential support areas will be:
0.02000 (first important support)
0.01770 (MA5 support)
0.01500 (previous accumulation area)
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Technical recommendation:
Buying at these peaks now is not recommended.
Best:
Wait for the price to return to test support (between 0.019 - 0.020).
or buy after confirming a break of 0.02387 with strong trading momentum
