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fardan_bin_khalifa

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AUCTION Holder
AUCTION Holder
Frequent Trader
1.2 Years
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Bearish
Analysis by chat GPT Here's my analysis of AUCTION/USDT based on the chart: Key Observations: Massive Drop (-59.08%) The price dropped sharply from a high of $68.31 to $23.23. This indicates heavy selling pressure. Support & Resistance: Support: Around $23.12 (24h low). Resistance: Previously at $62.48 but likely lower now. Indicators: RSI (6): 35.95 → Near oversold territory (below 30 is oversold). MACD (5.79 vs. 5.72) → No strong momentum, but bearish. Wm %R (-87.20) → Extremely oversold. Stoch RSI (33.33) → Still weak but could bounce. Volume: High trading volume suggests panic selling. Prediction: Short-term: Could see a small bounce due to oversold indicators. Mid-term: If it fails to hold $23, expect further downside. Upside target: Needs to break $30-$35 to confirm a reversal. Verdict: Likely to consolidate or drop further unless buyers step in. Watch $23 support carefully. If it breaks, more downside is expected. {future}(AUCTIONUSDT) #WhaleMovements #acution #Barish
Analysis by chat GPT
Here's my analysis of AUCTION/USDT based on the chart:

Key Observations:

Massive Drop (-59.08%)

The price dropped sharply from a high of $68.31 to $23.23.

This indicates heavy selling pressure.

Support & Resistance:

Support: Around $23.12 (24h low).

Resistance: Previously at $62.48 but likely lower now.

Indicators:

RSI (6): 35.95 → Near oversold territory (below 30 is oversold).

MACD (5.79 vs. 5.72) → No strong momentum, but bearish.

Wm %R (-87.20) → Extremely oversold.

Stoch RSI (33.33) → Still weak but could bounce.

Volume:

High trading volume suggests panic selling.

Prediction:

Short-term: Could see a small bounce due to oversold indicators.

Mid-term: If it fails to hold $23, expect further downside.

Upside target: Needs to break $30-$35 to confirm a reversal.

Verdict:

Likely to consolidate or drop further unless buyers step in.

Watch $23 support carefully. If it breaks, more downside is expected.

#WhaleMovements #acution #Barish
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