$ESPORTS Technical Analysis - Overbought Alert?
$ESPORTSUSDT is up +41% today at $0.04153 with 2.83B volume. Here is the multi-timeframe breakdown:
4H Chart: Price pumped from $0.01343 to $0.05245 and now back to $0.04152. BOLL Upper is $0.04055 and price is above it. RSI(6) is 86.50 - Extremely Overbought. Top is near.
1H Chart: Made a high of $0.04289 and now facing rejection with upper wicks. RSI 74 - still overbought but buyers are getting weak.
15M Chart: Consolidation below $0.04289. RSI back to 51 (Neutral). MACD turned negative (-0.00017) - short term bearish divergence.
Key Levels:
Resistance: $0.04289 > $0.04618
Support: $0.04099 > $0.03605 > $0.03033 (Strong 4H MB)
My View: Trend is bullish but over-extended. Not a good place for fresh Long. Wait for $0.04099 break for confirmation. Avoid high leverage on such volatile coins.
Not Financial Advice. DYOR.
#ESPORTS #ESPORTSUSDT #Crypto #Binance #esports
$ESPORTSUSDT is up +41% today at $0.04153 with 2.83B volume. Here is the multi-timeframe breakdown:
4H Chart: Price pumped from $0.01343 to $0.05245 and now back to $0.04152. BOLL Upper is $0.04055 and price is above it. RSI(6) is 86.50 - Extremely Overbought. Top is near.
1H Chart: Made a high of $0.04289 and now facing rejection with upper wicks. RSI 74 - still overbought but buyers are getting weak.
15M Chart: Consolidation below $0.04289. RSI back to 51 (Neutral). MACD turned negative (-0.00017) - short term bearish divergence.
Key Levels:
Resistance: $0.04289 > $0.04618
Support: $0.04099 > $0.03605 > $0.03033 (Strong 4H MB)
My View: Trend is bullish but over-extended. Not a good place for fresh Long. Wait for $0.04099 break for confirmation. Avoid high leverage on such volatile coins.
Not Financial Advice. DYOR.
#ESPORTS #ESPORTSUSDT #Crypto #Binance #esports