Here’s the technical breakdown for $USUAL USUAL/USDT across the 15-minute, 1-hour, and 4-hour charts.
The provided technical analysis examines $USUAL's (USUAL/USDT) price movements across the 15-minute, 1-hour, and 4-hour charts, offering insights for traders.
On the 15-minute chart, the price initially declined to a low of 1.1160, encountering strong selling pressure throughout the period. However, toward the end, a minor recovery attempt is observed.
Among the technical indicators, the Bollinger Bands show the price hugging the lower band, suggesting bearish momentum and potentially oversold conditions. The RSI currently stands at 39, indicating a value within the oversold zone, which could hint at a minor bounce. Meanwhile, the MACD remains bearish with red bars, although the momentum appears to be weakening slightly, as evident by the decreasing height of the bars.
Moving to the 1-hour chart, the price action continues to exhibit a bearish trend, breaking below significant support levels throughout the period. However, the last candle shows a small recovery attempt.
Regarding the indicators, the Bollinger Bands show the price breaking below the lower band but attempting to re-enter the range, suggesting oversold conditions. The RSI is at 25, firmly within the oversold territory, indicating the potential for a short-term bounce. Furthermore, the MACD is strongly bearish, but the histogram shows decreasing momentum—early signs of a potential reversal.
Finally, the 4-hour chart provides a broader perspective on the price movements. Here, the trend is still bearish, with a clear downtrend from 1.65 to the current levels.
The Bollinger Bands show the price near the lower band, consistent with the oversold scenario. The RSI is at 34, approaching oversold but not as extreme as the 1-hour chart, suggesting room for further downside. The MACD is still bearish, with no clear divergence signaling a reversal yet.
Overall, the 15-minute and 1-hour charts suggest oversold conditions, but the 4-hour chart implies the broader trend is still down. If you’re short-term trading, you could consider scalping off support around 1.11 but with tight stops. For swing trading, it's best to wait for a confirmed reversal or a breakout above resistance levels like 1.20.
