📉 Technical Analysis – CHZ/USDT (1h)
Current Price: $0.03688 | 24h Variation: +11.66%
🔍 Trend and Moving Averages:
• MA(7): $0.03751 (above current price)
• MA(25): $0.03633
• MA(99): $0.03143
Despite the previous uptrend, the price broke below the MA(7), indicating a possible start of correction or consolidation in the short term.
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💡 RSI (Relative Strength Index):
• RSI(6): 43.08
• RSI(12): 56.77
• RSI(24): 62.52
The RSI is falling, but still outside the oversold zone, indicating a loss of buying strength, but no clear reversal signal yet.
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📊 Volume:
• There was significant previous buying volume, but the current volume is decreasing, reinforcing the idea of loss of strength.
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🔢 Technical Levels:
• Recent resistance: $0.03958 (top of the chart)
• Immediate support:
• $0.03633 (MA25)
• $0.03529 (previous congestion area)
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✅ Technical Conclusion:
• The uptrend has slowed down. The break of the MA(7) and the drop in RSI suggest a correction is underway.
• It may be a good opportunity to observe pullbacks or wait for reversal signals for new entries.
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📌 Strategic Summary:
• If already bought: evaluate partial profits or protect position with a stop below the MA(25).
• If out: waiting for pullback or reversal candles near the MA(25) may be safer.
