4-hour timeframe analysis 🔎
• Strong upward trend with higher highs and higher lows.
• Latest high: $1.322 - now pulling back slightly to $1.189
• Massive surge from the $0.30 area - over +300% gain.
2. Bollinger Bands (BOLL) 📊
• The price is hitting the upper range - showing strong momentum.
• Bands are widening significantly = high volatility
• Potential pullback or consolidation in the short term near the upper range.
3. Volume (VOL) 🔊
• Trading volume is spiking - especially during the breakout near $1
• Large volume = strong buying interest
• Watch for declining volume = potential trend halt
4. MACD ⚡
• MACD line > Signal line = bullish crossover
• Rising MACD indicator = building momentum
• No bearish divergence yet = momentum is intact
5. KDJ (Random) 🔄
• K: 72.25, D: 70.49, J: 75.77 = overbought territory
• Price signals may cool down soon
• However, in strong trends, overbought can remain for longer
6. Key support and resistance 🚧
• Support: $1.00 (psychological), then $0.925
• Resistance: $1.32 (recent high), then likely to reach $1.50
7. Summary 🧠
Trend: Upward
• Momentum: Strong
• Short term: Potential pullback or sideways trend
• Strategy: Look for buy opportunities on dips near $1 or a strong breakout above $1.32 with volume.
