⚡️ Technical situation – quick overview
✅ Breakout from the descending channel (purple lines)
✅ Resistance zone 14.42 – currently being tested
✅ Target within the breakout range – around 17.73 USDT
⚠️ Stochastic RSI in the overbought zone – local correction possible
🟪 Descending channel – broken!
The descending channel that has been in place since mid-May has been broken upwards.
Such breakouts often signal a change in the local trend.
Theoretical range of movement = channel height (~3.30 USDT) added to the breakout point (around 14.42) = ~17.73 USDT – perfectly aligned with your resistance level.
🟢 Key Resistance Levels (green):
Level Meaning
14.42 USDT Current tested resistance – psychologically significant
15.65 USDT Local high + June price gap
17.73 USDT Potential target after a breakout – range from the formation
🔴 Support Levels (red):
Level Meaning
12.73 USDT Support from the pre-breakout consolidation
11.91 USDT Key defensive level of the uptrend
11.07 / 10.12 USDT Historical support with strong demand reactions
📉 Stochastic RSI (oscillator):
Currently deep in the overbought zone (above 80).
This may indicate local exhaustion of momentum and a short correction before further upward movement.
However: in strong trends, the RSI may remain high for an extended period – it does not automatically provide a sell signal.
📈 Bullish scenario:
Retest of the 14.42 level as support → confirmation of the breakout
Then a move towards:
15.65 – local stop
17.73 – final target from the channel breakout
🟩 Stop-loss: e.g., below 12.73 USDT (loss of key support)
📉 Bearish scenario:
False breakout and decline below 14.42
Loss of the 12.73 level → possible quick decline to 11.91–11.07
🔴 In this case, a new swing low could open the way to 10.12 USDT.
📌 Summary:
Element Rating
Technical Pattern ✅ Breakout from a descending channel (bullish signal)
Current Level ❗ Test of Key Resistance – Decision Point
RSI (Momentum) ⚠️ Overbought – Correction Possible
Upside Potential (Target) 📈 17.73 USDT
Threat ❌ False breakout and return to below 12.73 USDT
🧠 My suggestion (not investment advice):
Observe the price reaction at 14.42 – if it holds above and consolidation forms → a signal to continue.
If the 4H/1D candle closes below, consider caution, as this could be a bull trap.
✅ Breakout from the descending channel (purple lines)
✅ Resistance zone 14.42 – currently being tested
✅ Target within the breakout range – around 17.73 USDT
⚠️ Stochastic RSI in the overbought zone – local correction possible
🟪 Descending channel – broken!
The descending channel that has been in place since mid-May has been broken upwards.
Such breakouts often signal a change in the local trend.
Theoretical range of movement = channel height (~3.30 USDT) added to the breakout point (around 14.42) = ~17.73 USDT – perfectly aligned with your resistance level.
🟢 Key Resistance Levels (green):
Level Meaning
14.42 USDT Current tested resistance – psychologically significant
15.65 USDT Local high + June price gap
17.73 USDT Potential target after a breakout – range from the formation
🔴 Support Levels (red):
Level Meaning
12.73 USDT Support from the pre-breakout consolidation
11.91 USDT Key defensive level of the uptrend
11.07 / 10.12 USDT Historical support with strong demand reactions
📉 Stochastic RSI (oscillator):
Currently deep in the overbought zone (above 80).
This may indicate local exhaustion of momentum and a short correction before further upward movement.
However: in strong trends, the RSI may remain high for an extended period – it does not automatically provide a sell signal.
📈 Bullish scenario:
Retest of the 14.42 level as support → confirmation of the breakout
Then a move towards:
15.65 – local stop
17.73 – final target from the channel breakout
🟩 Stop-loss: e.g., below 12.73 USDT (loss of key support)
📉 Bearish scenario:
False breakout and decline below 14.42
Loss of the 12.73 level → possible quick decline to 11.91–11.07
🔴 In this case, a new swing low could open the way to 10.12 USDT.
📌 Summary:
Element Rating
Technical Pattern ✅ Breakout from a descending channel (bullish signal)
Current Level ❗ Test of Key Resistance – Decision Point
RSI (Momentum) ⚠️ Overbought – Correction Possible
Upside Potential (Target) 📈 17.73 USDT
Threat ❌ False breakout and return to below 12.73 USDT
🧠 My suggestion (not investment advice):
Observe the price reaction at 14.42 – if it holds above and consolidation forms → a signal to continue.
If the 4H/1D candle closes below, consider caution, as this could be a bull trap.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。