$AKE ๐ AKEUSDT Analysis โ 1-hour timeframe
๐ด Current trend: short-term bearish, but the price is trying to rebound
๐ฐ Price: 0.009979
๐ 24H: -14.07%
MA7: 0.009914 โ the price is slightly above it ๐ข
MA25: 0.009974 โ the price is around it โ๏ธ
MA99: 0.008366 โ the price is higher than it ๐ข
Williams %R: -33.53 โ not currently in oversold conditions.
๐ฏ Key levels
๐ด Resistance: 0.01040 โ 0.01070
๐ด Stronger resistance: 0.01147
๐ข Support: 0.00950
๐ข Stronger support: 0.00875 โ 0.00837
๐ LONG scenario
Holding above 0.00990 and then breaking 0.01040 with good trading volume could push the price toward:
0.01070 โ 0.01147
๐ SHORT scenario
If the price fails around 0.01040โ0.01070 and then breaks 0.00950, the likelihood of a drop toward 0.00875 increases.
โ ๏ธ The coin has fallen 14% over the last 24 hours, so I donโt recommend chasing a SHORT from the current price. Also, trading volumes have clearly decreased after the previous large surge.
Summary: โ๏ธ a decision zone.
๐ข Above 0.01040 = a clear improvement for the LONG.
๐ด Below 0.00950 = a return of selling pressure
๐ด Current trend: short-term bearish, but the price is trying to rebound
๐ฐ Price: 0.009979
๐ 24H: -14.07%
MA7: 0.009914 โ the price is slightly above it ๐ข
MA25: 0.009974 โ the price is around it โ๏ธ
MA99: 0.008366 โ the price is higher than it ๐ข
Williams %R: -33.53 โ not currently in oversold conditions.
๐ฏ Key levels
๐ด Resistance: 0.01040 โ 0.01070
๐ด Stronger resistance: 0.01147
๐ข Support: 0.00950
๐ข Stronger support: 0.00875 โ 0.00837
๐ LONG scenario
Holding above 0.00990 and then breaking 0.01040 with good trading volume could push the price toward:
0.01070 โ 0.01147
๐ SHORT scenario
If the price fails around 0.01040โ0.01070 and then breaks 0.00950, the likelihood of a drop toward 0.00875 increases.
โ ๏ธ The coin has fallen 14% over the last 24 hours, so I donโt recommend chasing a SHORT from the current price. Also, trading volumes have clearly decreased after the previous large surge.
Summary: โ๏ธ a decision zone.
๐ข Above 0.01040 = a clear improvement for the LONG.
๐ด Below 0.00950 = a return of selling pressure