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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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📊 General Technical Status
Price: around 3.609 USDT
in a strong upward trend over 4 hours
Recently, volatility has increased and the price has gradually climbed to upper resistance levels.
1. Trend and Momentum Analysis
Green line: the price is confirmed to be on a strong upward trend above this line.
The buy signal ( around July 3 ) has been successful, followed by a continuous rise.
A "SELL" signal has not yet formed, which indicates that the trend is continuing.
Comment:
The upward trend continues in a healthy manner. As long as this line is not broken, it would be reasonable to hold positions in favor of the trend.
2. Support and Resistance Levels
There are many levels shown in the graph with colored horizontal lines. previous peak/trough Fibonacci-based areas.
🔼 Resistances:
3.606 (currently tested level)
3.673
3.728
4.096 → Main resistance zone, major target
Profit realization or selling pressure may occur in these regions.
🔽 Supports:
3.367
3.335
3.177
3.023 → Attention should be paid if the trend deteriorates.
The 3.606-3.728 range may act as resistance. If it breaks, the target will be 4.096 USDT.
In case of a drop, the first strong support is in the 3.335–3.177 region.
3. Strategic Assessment
A long position can be maintained above the trend line. A close above 3.606 activates targets of 3.728 → 4.096. A close below 3.367 is a warning! Realization of profit or reversal signal. Continuous high volume means the uptrend is supported.
Summary Technical Outlook:
Trend Status
The upward trend continues strongly
Last Signal
BUY signal active ( no sales yet
)
Critical Resistance
3.606 → 3.728 → 4.096
Key Supports
3.335 → 3.177 → 3.023
#eht