*$US
USDT - Talus*
*Current price: 0.017787 USDT -7.58%*
High in 24h: 0.021698
Low in 24h: 0.017656
### *1. Trend*
- Strong breakdown from 0.062308 down to 0.017787. Down 71%
- *MA7: 0.023297* price is below it
- *MA25: 0.042170* price is below it with a big gap
- *MA99: 0.022865* price is below it
Price is below all moving averages. Overall trend is strongly bearish
### *2. Momentum*
- *RSI(6): 17.01* very strong oversold, below 20
- *OBV: 6.42B* falling with the price: continuous liquidity outflow
- *Volume*: 774.15M US = 14.98M USDT high volume on the decline
### *3. Key Levels*
- *First resistance*: 0.022865 at MA99
- *Second resistance*: 0.023297 at MA7
- *Strong resistance*: 0.042170 at MA25
- *Very strong resistance*: 0.062308 previous high
- *First support*: 0.017656 today’s low
- *Second support*: 0.008932 historical low
- *Far support*: 0.004918
### *Conclusion*
US is in a strong bearish downtrend. From 0.062 to 0.0177.
Today down -7.5% and broke the nearby support.
RSI 17 means historical oversold. It might bounce quickly, but the trend is still negative.
OBV is falling, meaning no buyers have entered yet.
*Positive scenario*: Bounce from oversold. Price must break above 0.022865 (MA99) for us to start talking about a bottom.
*Negative scenario*: Break below 0.017656 and go test 0.008932.
Most important level now: 0.022865. Breaking it is the first reversal signal.
Most important second level: 0.017656. Breaking it activates a new bottom.
Warning: The coin is in a strong downtrend wave with high selling volume. High risk
#ChinaJulyOutputRetailInvestmentAllMiss
USDT - Talus*
*Current price: 0.017787 USDT -7.58%*
High in 24h: 0.021698
Low in 24h: 0.017656
### *1. Trend*
- Strong breakdown from 0.062308 down to 0.017787. Down 71%
- *MA7: 0.023297* price is below it
- *MA25: 0.042170* price is below it with a big gap
- *MA99: 0.022865* price is below it
Price is below all moving averages. Overall trend is strongly bearish
### *2. Momentum*
- *RSI(6): 17.01* very strong oversold, below 20
- *OBV: 6.42B* falling with the price: continuous liquidity outflow
- *Volume*: 774.15M US = 14.98M USDT high volume on the decline
### *3. Key Levels*
- *First resistance*: 0.022865 at MA99
- *Second resistance*: 0.023297 at MA7
- *Strong resistance*: 0.042170 at MA25
- *Very strong resistance*: 0.062308 previous high
- *First support*: 0.017656 today’s low
- *Second support*: 0.008932 historical low
- *Far support*: 0.004918
### *Conclusion*
US is in a strong bearish downtrend. From 0.062 to 0.0177.
Today down -7.5% and broke the nearby support.
RSI 17 means historical oversold. It might bounce quickly, but the trend is still negative.
OBV is falling, meaning no buyers have entered yet.
*Positive scenario*: Bounce from oversold. Price must break above 0.022865 (MA99) for us to start talking about a bottom.
*Negative scenario*: Break below 0.017656 and go test 0.008932.
Most important level now: 0.022865. Breaking it is the first reversal signal.
Most important second level: 0.017656. Breaking it activates a new bottom.
Warning: The coin is in a strong downtrend wave with high selling volume. High risk
#ChinaJulyOutputRetailInvestmentAllMiss