๐ $VVV
/USDT Technical Analysis: Parabolic Run or Pullback Imminent?
โThe VVV/USDT pair has shown massive strength, currently trading at 3.538, marking a significant +26.67% gain in the last 24 hours. Let's break down the 1H chart to see whatโs next.
โ1. Trend Analysis (Bullish ๐ข)
The trend is undeniably bullish. The Moving Averages show a classic "Golden Fan" alignment:
โPrice > EMA(7) > EMA(25) > EMA(99)
โThe price is riding well above the short-term EMA(7) at 3.349, acting as dynamic support. As long as we stay above this yellow line, bulls are in control.
โ2. Momentum & Volume ๐
โVolume: We see strong buying volume accompanying the breakout from the 2.79 range, validating the move.
โMACD: The MACD is bullish with the DIF line (0.207) above the DEA (0.150), indicating continued upward momentum, though traders should watch for any convergence which might signal a slowdown.
โ3. Warning Signs (Overbought โ ๏ธ)
โRSI Alert: The RSI(6) is sitting at 84.80. This is extremely overbought. While assets can stay overbought during strong pumps, a cooling-off period or a pullback is statistically probable soon.
โResistance: The recent wick hit a 24h High of 3.660 and rejected slightly. This is the key level to beat for continuation.
โ๐ฏ Key Levels to Watch:
โImmediate Resistance: $3.660 (24h High)
โImmediate Support: $3.35 (EMA 7)
โMajor Support: $3.02 (EMA 25) - Ideally, bulls want to defend this level if a deep correction occurs.
โ๐ก Strategy:
FOMO longing here is risky due to the high RSI. Scalpers might look for a retest of the 3.35 region for entries. If you are already in profit, trailing your stop-loss below the EMA(7) is a prudent move to lock in gains while riding the trend.
โDisclaimer: This is not financial advice. Always do your own research (DYOR).
โ
#VVV #cryptotrading