VANRY / TetherLong
#VANRY Next Move Coming
The chart is of VANRY/USDT on the 8-hour timeframe. Here's the breakdown:
Current Price: 0.10534 USDT
Support Levels:
The price has previously found support around 0.07909 USDT.
Resistance Levels:
The chart shows a resistance target at 0.12804 USDT, marked by the green horizontal line.
Trend Lines:
A descending blue trend line acts as a resistance, and the price is currently hovering near it.
There's also a rising trend line from the recent lows, which the price is close to testing.
Indicators:
RSI (Relative Strength Index): Currently around 46.46, suggesting a neutral market, with neither overbought nor oversold conditions.
MACD (Moving Average Convergence Divergence): Shows slight bearish divergence with the MACD line (blue) crossing below the signal line (orange), indicating potential bearish momentum in the short term.
Target:
0.12804 USDT is the immediate target if the price breaks the current descending resistance and shows upward momentum.
Current Price: 0.10534 USDT
Support Levels:
The price has previously found support around 0.07909 USDT.
Resistance Levels:
The chart shows a resistance target at 0.12804 USDT, marked by the green horizontal line.
Trend Lines:
A descending blue trend line acts as a resistance, and the price is currently hovering near it.
There's also a rising trend line from the recent lows, which the price is close to testing.
Indicators:
RSI (Relative Strength Index): Currently around 46.46, suggesting a neutral market, with neither overbought nor oversold conditions.
MACD (Moving Average Convergence Divergence): Shows slight bearish divergence with the MACD line (blue) crossing below the signal line (orange), indicating potential bearish momentum in the short term.
Target:
0.12804 USDT is the immediate target if the price breaks the current descending resistance and shows upward momentum.
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