Technical Watch: Sharp Selling Pressure on $STBL
The hour candle closed with a strong move:
- Price: 0.02575
- Change: -9.52%
- Price-move strength: 6.9 times higher than usual
- Trading activity: 11.4 times higher than usual
- RSI: 41.7
- Confirmed break of the lowest trough of the past 20 candles
• Nearest key average: EMA 20 on the 1d timeframe, currently acting as the main resistance.
Big timeframe analysis:
• 4H: 🟢 Bullish — the last close is above EMA20/50/200; staying above supports the bullish trend. The current candle is trying to break EMA20/50 downward; we wait for the close below to confirm. Closest to the price: EMA50/200.
• 1D: 🟠 Mixed — the last close is above EMA20/50, and below EMA200. The current candle is trying to break EMA20 downward; we wait for the close below to confirm. Closest to the price: EMA20/50.
Technical summary:
• 1H: 🔴 Strong and confirmed bearish
• 4H: 🟢 Bullish
• 1D: 🟠 Mixed
Fish Hunter
Alert: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction based on your view, then place your trade. Good luck to everyone
Follow our account for more opportunity snatching
$STBL
#STBL #BinanceSquare #TradingAlerts
The hour candle closed with a strong move:
- Price: 0.02575
- Change: -9.52%
- Price-move strength: 6.9 times higher than usual
- Trading activity: 11.4 times higher than usual
- RSI: 41.7
- Confirmed break of the lowest trough of the past 20 candles
• Nearest key average: EMA 20 on the 1d timeframe, currently acting as the main resistance.
Big timeframe analysis:
• 4H: 🟢 Bullish — the last close is above EMA20/50/200; staying above supports the bullish trend. The current candle is trying to break EMA20/50 downward; we wait for the close below to confirm. Closest to the price: EMA50/200.
• 1D: 🟠 Mixed — the last close is above EMA20/50, and below EMA200. The current candle is trying to break EMA20 downward; we wait for the close below to confirm. Closest to the price: EMA20/50.
Technical summary:
• 1H: 🔴 Strong and confirmed bearish
• 4H: 🟢 Bullish
• 1D: 🟠 Mixed
Fish Hunter
Alert: This report is for personal follow-up purposes. Open the coin on more than one timeframe and determine its direction based on your view, then place your trade. Good luck to everyone
Follow our account for more opportunity snatching
$STBL
#STBL #BinanceSquare #TradingAlerts