Alright, let's break down the technical analysis of the "Trump token" chart you provided for both the short and long Short-Term:
* Price: Above EMA(7) 12.30 & EMA(25) 11.61 (bullish), but approaching EMA(99) 14.53 (resistance).
* RSI: RSI(6) 69.65 (nearing overbought), RSI(12) 62.20, RSI(24) 54.73 (upward trend).
* MACD: DIF 0.56 below DEA 0.61, MACD -0.05 (bearish), watch for DIF crossing above DEA.
* Stochastic RSI: %K 26.52 above %D 13.01 (potential bounce).
* Volume: Check for increasing volume with price rise.
Long-Term (Overall Chart):
* Major Drop: From ~77.24 to ~7.14, strong downtrend.
* Price: Below EMA(99) 14.53 (bearish trend).
* Meme Coin: High volatility, hype-driven, less reliable TA.
* Key Levels: Support ~7.14, Resistance ~77.24.
* Bullish Reversal: Needs break above EMA(99), higher highs/lows, strong volume.
In summary, the short term shows some potential for upward movement, but the long term still looks bearish based on the significant downtrend and the price being below longer-term moving averages. It's crucial to be cautious and conduct further research if you are considering trading or investing in this token.
$Trump #trump #TradeStories #trump