$TAG
The price is in an uptrend area, showing strength in the averages and momentum indicator (RSI). The indicators support a buying opportunity with expectations of continued rise if it maintains a level above EMA(7).
Current phase type: Accumulation (despite the negative OBV, the rising price with fluctuating volume may indicate accumulation by large traders in preparation for a stronger rise).
Impact on analysis: Generally positive, with a need to monitor volume and OBV for any sudden shifts.
🟢 Entry target
0.0005970 - 0.0006020
(Support area close to current EMA(7))
🎯 Exit targets
1. 0.0006200
2. 0.0006350
3. 0.0006500
⛔ Stop loss
0.0005780
(Below support EMA(25) to avoid trend reversal)
$TAG
· Price above averages (EMA): Indicator of an upward trend and buying strength.
· Negative OBV: Historically larger selling volume is a slight warning, but the price is rising.
· Low STOCHRSI: Short-term momentum may start to recover.
· Volume below average: Watch for an increase in trading volume to confirm the trend.
· Positive MACD: Continuing upward momentum but slightly weak.
· High RSI (≈68): Strong buying strength, approaching overbought territory.