📊 First: Technical Analysis of the JellyJelly Curve (as per the image)
Visible Time Frame: Short (Minutes)
Current Price: ≈ 0.0700$
🔹 General Trend
There was a strong drop from 0.074 → 0.063
Then a clear rebound (V-Shape Recovery)
The price is currently in a consolidation area after the rebound
🔹 Moving Averages (MA)
MA(7) ≈ 0.0700 → the price is very close to it
MA(25) ≈ 0.0691 → Short-term support
MA(99) ≈ 0.0708 → Important resistance
📌 Summary:
The price is trapped between short-term support and strong resistance → Decision Phase
🔹 RSI Indicator (6)
RSI ≈ 62
Not overbought, but close to it
📌 Indicates:
Positive Momentum
A slight correction or fluctuation is likely before any breakout
🔹 Williams %R
At -31
Close to the overbought area
📌 Signal:
The current momentum is strong
But it needs confirmation of trading volume to continue
BTC
88,539
+0.58%