Technical Alert: Sharp selling pressure on
$APR The hour candle closed with a strong move:
- Price: 0.1992
- Change: -14.03%
- Price-move strength: 7.7x higher than usual
- Trading activity: 11.7x higher than usual
- RSI: 28.7
- Confirmed break of the lowest low from the last 20 candles
• On the 1-hour timeframe: Price is below the EMA 20, 50, and 200.
4-hour EMA analysis:
• EMA 20: Closed below it, and the current candle is still below it.
What to watch? If the close remains below it, it supports viewing it as resistance and continued downward pressure; a close above it would be a level recovery and weaken the bearish scenario.
• EMA 50: Closed below it, and the current candle is still below it.
What to watch? If the close remains below it, it supports viewing it as resistance and continued downward pressure; a close above it would be a level recovery and weaken the bearish scenario.
• EMA 200: Closed below it, and the current candle is still below it.
What to watch? If the close remains below it, it supports viewing it as resistance and continued downward pressure; a close above it would be a level recovery and weaken the bearish scenario.
• There are no EMA20/50/200 within 1.5% of the price right now; therefore, their direct impact is less than that of nearby levels.
Daily EMA analysis:
• EMA 20: Closed below it, and the current candle is still below it.
What to watch? If the close remains below it, it supports viewing it as resistance and continued downward pressure; a close above it would be a level recovery and weaken the bearish scenario.
• EMA 50: Closed below it, and the current candle is still below it.
What to watch? If the close remains below it, it supports viewing it as resistance and continued downward pressure; a close above it would be a level recovery and weaken the bearish scenario.
• EMA 200: Closed above it, and the current candle is still above it.
What to watch? If the close remains above it, it supports viewing it as support and continuation of the bullish trend; closing below it weakens the breakout and may turn it into resistance.
• There are no EMA20/50/200 within 1.5% of the price right now; therefore, their direct impact is less than that of nearby levels.
Fish Hunter
Note: This report is for personal follow-up purposes. Open the coin on more than one timeframe, determine its direction based on your view, and place your trade. Good luck to everyone
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