$LAYER

Analysis of the candle movements for the LAYER/USDT currency based on

1. General Trend:

It is very clear that the currency is in a strong upward trend. The continuous series of long green candles indicates high buying momentum.

2. Moving Averages (EMA):

The current price is clearly above EMA 7 and EMA 25, confirming that the upward momentum is strong.

The upward crossover of EMA 7 above EMA 25 for some time is considered a strong entry signal and has likely already been achieved.

3. The Last Candle:

A relatively long green candle, closing close to its highest price (3.2470), indicating buyer control.

There is no long upper wick, indicating little resistance at this stage.

4. Indicators:

Stoch RSI at 100: In the overbought zone, which means a correction may occur soon, but it is not certain as long as the momentum continues.

OBV (On-Balance Volume): On the rise, supporting the continuation of the upward trend as long as cash inflows remain consistent.

5. Resistance Level:

The price hit a level of about 3.2470, which is now considered an important resistance. If it is broken firmly, we may see higher targets.

6. Support Level:

The first clear support is around 2.88 - if a correction occurs, this level may be tested.