Technical Analysis for Currency #VVV /USDT

⏰ Daily Frame + 4 Hours

🔸 4-Hour Frame (4H):

▪️ The currency launched from a low of 2.544$ towards a peak of 3.899$ in a strong upward movement, interspersed with sharp green candles indicating the entry of speculative liquidity.

▪️ Currently, we observe a decline towards 3.648$ with the formation of a sideways pattern suggesting a possible accumulation before an upcoming movement.

▪️ The SAR indicator remains below the price indicating an upward momentum, but the convergence of points suggests a potential reversal soon.

▪️ The nearest support is at $3.37, and breaking it may open the way to return towards 3.07$ - 2.77$.

🔸 Daily Frame (1D):

▪️ The overall trend is still upward after breaking the previous resistance area, but the price has begun to show signs of weakness after reaching the peak.

▪️ The moving averages (MA5 and MA10) are converging and may witness a downward cross if the decline continues.

▪️ Trading volume has started to decrease indicating a gradual exit of speculators after taking profits.

▪️ The psychological resistance currently lies at 3.90$ then 4.20$ if the rise continues.

📌 General Outlook:

The currency is going through a cooling phase after a sharp upward wave.

Buying opportunities may be good from the support areas of 3.37$ - 3.10$ with a stop loss below $2.99, while the next resistance will be at 3.90$ then at $4.20.

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