Executive Summary:
· General trend: Down on the medium term with attempts to rebound.
· Critical levels: Support around $1.10-$1.15, and resistance around $1.30-$1.35.
· Momentum: Neutral to slightly bearish according to indicators.
· Recommendation: Wait for a clear break of one of the critical levels with strict risk management.
· Main resistance (Resistance):
· $1.30 - $1.35 USDT: Strong resistance area (moving averages crossover and previous levels).
· Main support (Support):
· $1.10 - $1.15 USDT: Crucial support area (previous low).
· $1.00 USDT: Strong psychological support.
3. Analysis of technical indicators (Technical Indicators):
· Moving Averages:
· EMA 20: The price is currently trading around it, indicating a state of hesitation.
· EMA 50 & EMA 200: The price is still below them, confirming continued downward pressure.
· RSI (Relative Strength Index):
· Current value: Around 45-50.
· Analysis: In the neutral zone, does not indicate overbought or oversold. Needs additional momentum to break the trend.
· MACD (Moving Average Convergence Divergence):
· Analysis: The indicator is around the zero line with slight divergence between the lines. Indicates a state of waiting and lack of strong momentum currently.
· Trading volume (Volume):
· Note: The volume is relatively low, confirming a state of hesitation and lack of strong participation from buyers or sellers.
