According to my analysis
• The trend is upward corrective after a strong bottom near 0.0173
• The price is currently moving within a consolidation range between clear support and moderate resistance
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🔹 Moving averages (EMA)
• EMA 60 = 0.01862 → Short-term support ✔️
• EMA 200 = 0.01887 → The price fluctuates around it (Decision area)
• EMA 340 = 0.01934 → Strong resistance
• EMA 600 = 0.02043 → High resistance / ceiling of movement
📌 As long as the price is above EMA60, positivity remains, but the real breakout only starts above 0.01934
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🔹 Support and resistance
Supports:
• 0.01885 – 0.01860 (Defensive buying area)
• 0.01815 (Very strong support – breaking it is negative)
Resistances:
• 0.01925 – 0.01935 🔴
• 0.01995 – 0.02070 (Strong selling area)
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🔹 RSI (7)
• At 53 → Neutral leaning towards positive
• No overbought condition
✔️ Allows for additional upward movement
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🔹 MACD
• Very weak negative crossover
• The histogram's negativity decreases → Selling pressure weakens
📌 Early signal for a potential bullish reversal
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🔹 Stochastic RSI
• At approximately 30
• Exited the overbought area ⬆️
✔️ Good speculative entry signal
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🔹 Volume
• Size is below average
• No panic selling
📌 Any breakout without volume = trap
📌 We need higher Volume to confirm the rise
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🔹 Expected scenarios
🟢 Positive scenario (closest):
• Stability above 0.01885
• Break 0.01935
• Targets:
• 🎯 0.01995
• 🎯 0.02070
🔴 Negative scenario:
• Break 0.01860
• Re-test 0.01815
• Breaking it = Return to 0.0176
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🧠 Summary
• The trend has not broken
• The currency is accumulating before movement
• Current preference:
✔️ Buy from support
❌ Do not chase the price before the breakout