Technical Watch: Sharp Sell Pressure on $EUL
The hour candle closed with a strong move:
- Price: 1.2624
- Change: -3.72%
- Price-movement strength: 3.5x higher than usual
- Trading activity: 3.2x higher than usual
- RSI: 39.2
- Strong selling momentum within the previous range without breaking the last low
• Nearest key average: EMA 50 on the 1d timeframe, currently acting as the main resistance.
Analysis of higher timeframes:
• 4H: 🔴 Bearish — last close below EMA20/50/200; staying below them supports the bearish trend. Closest to price: EMA20/50.
• 1D: 🟠 Mixed — last close above EMA20/50, but below EMA200. The current candle is trying to break EMA20/50 to the downside; wait for a close below it for confirmation. Closest to price: EMA50.
Technical Summary:
• 1H: 🔴 Strong bearish and confirmed
• 4H: 🔴 Bearish
• 1D: 🟠 Mixed
Fish Hunter
Notice: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction according to your view, then place your trade. Good luck to everyone
Follow our account for more chance-capturing opportunities
$EUL
#EUL #BinanceSquare #TradingAlerts
The hour candle closed with a strong move:
- Price: 1.2624
- Change: -3.72%
- Price-movement strength: 3.5x higher than usual
- Trading activity: 3.2x higher than usual
- RSI: 39.2
- Strong selling momentum within the previous range without breaking the last low
• Nearest key average: EMA 50 on the 1d timeframe, currently acting as the main resistance.
Analysis of higher timeframes:
• 4H: 🔴 Bearish — last close below EMA20/50/200; staying below them supports the bearish trend. Closest to price: EMA20/50.
• 1D: 🟠 Mixed — last close above EMA20/50, but below EMA200. The current candle is trying to break EMA20/50 to the downside; wait for a close below it for confirmation. Closest to price: EMA50.
Technical Summary:
• 1H: 🔴 Strong bearish and confirmed
• 4H: 🔴 Bearish
• 1D: 🟠 Mixed
Fish Hunter
Notice: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction according to your view, then place your trade. Good luck to everyone
Follow our account for more chance-capturing opportunities
$EUL
#EUL #BinanceSquare #TradingAlerts