Currently, there are 61 points, and tomorrow it should be around 70-80 points. To reach the threshold of 80 points, the volume must be around 500k$ to meet the condition of finishing the costs incurred. Any of you who are around this score should take note.
#ALPACA/USDT advises everyone to stay away from the Short button. The more you short, the higher it goes; with a cap of 25m, it can push up 3-5 times more. When there are no more short sellers, the exchange will reduce leverage and even close short positions, citing that the coin is about to delist, making it impossible to break even.
1. **Price Trend**: The current price is 1,766.74, up 1.58% compared to the opening price (1,767.41). The price is fluctuating around the range of 1,766 - 1,788, with a slight upward trend in the short term. However, the price has previously reached the resistance level of 1,838 and has adjusted downwards.
2. **Moving Averages (MA)**: - MA7: 1,764.57 - MA25: 1,720.63 - MA99: 1,722.65 The current price is above both MA7, MA25, and MA99, indicating an upward trend in the short and medium term. MA7 is crossing above MA25 and MA99, reinforcing the bullish signal.
3. **Support and Resistance**: - Support: The area of 1,719.83 and lower at 1,653.17. - Resistance: The area of 1,788.49 and higher at 1,838.00 (recent peak). The price is testing the resistance area of 1,788.49. If it breaks through, it may target 1,838.00. Conversely, if it does not break through, the price may return to the support area of 1,719.83.
4. **Volume**: The 24H trading volume is 4.57 million ETH (equivalent to 8.05 billion USDT). The current volume is 142,666.73, which is not too high, indicating that buying pressure is not strong enough to push the price above resistance.
5. **RSI Indicator**: - RSI(6): 54.48 - RSI(12): 61.53 - RSI(24): 61.50 The RSI is at an average level, around 61, indicating that the market is not overbought but also lacks strong upward momentum without new driving force.
6. **Conclusion**: ETH/USDT is in a slight upward trend but is facing resistance at 1,788.49. If the price breaks this level with increased volume, it may continue to 1,838.00. Conversely, if it does not break through, the price may decrease to the support area of 1,719.83 or lower. It is important to monitor volume and price movements at the current resistance area.
1. **Price trend**: The current price is 1,766.74, up 1.58% compared to the opening price (1,767.41). The price is fluctuating around the range of 1,766 - 1,788, with a slight upward trend in the short term. However, the price has previously hit the resistance level of 1,838 and has adjusted downward.
2. **Moving Averages (MA)**: - MA7: 1,764.57 - MA25: 1,720.63 - MA99: 1,722.65 The current price is above both MA7, MA25, and MA99, indicating an upward trend in the short and medium term. MA7 is crossing above MA25 and MA99, reinforcing the bullish signal.
3. **Support and Resistance**: - Support: The range of 1,719.83 and lower is 1,653.17. - Resistance: The range of 1,788.49 and higher is 1,838.00 (recent peak). The price is testing the resistance level of 1,788.49. If it breaks through, it may head towards 1,838.00. Conversely, if it does not break through, the price may return to the support level of 1,719.83.
4. **Volume**: The 24H trading volume is 4.57 million ETH (equivalent to 8.05 billion USDT). The current volume is 142,666.73, not too high, indicating that buying pressure is not strong enough to push the price above resistance.
5. **RSI Indicator**: - RSI(6): 54.48 - RSI(12): 61.53 - RSI(24): 61.50 The RSI is at an average level, around 61, indicating that the market is not overbought but also does not have significant room for strong upward movement without new momentum.
6. **Conclusion**: ETH/USDT is in a slight upward trend but is facing resistance at 1,788.49. If the price breaks this level with increasing volume, it may continue up to 1,838.00. Conversely, if it does not break through, the price may decline to the support level of 1,719.83 or lower. It is necessary to monitor the volume and price movements at the current resistance level.
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