Singkat
Potential Bearish Momentum on FRONTUSDT.P
Trading Analysis Report:
This trading analysis report provides insights into the recent price action of FRONTUSDT.P, focusing on key technical indicators and patterns observed on the 15-min timeframe. Following the bounce from the EMA 200-day (Wed 08 May), the asset surged by an impressive 53%, marked by a series of 5 red candles out of 34 candles in 8h 30m. However, the inability to breach previous peaks signaled weakness.
On May 24th at 4:00 am, where a big red candle cross both the 50 EMA and the 61.8% Fibonacci retracement level. This event suggests a potential shift. The technical analysis indicates the possibility of a decline, estimated at approximately -23.73%, with a potential downside target around the 1.20 level. The price still on top of 200 EMA so just be aware of that.
PHEMEX:FRONTUSDT.P May 9, 2024, 6:30am
This trading analysis report provides insights into the recent price action of FRONTUSDT.P, focusing on key technical indicators and patterns observed on the 15-min timeframe. Following the bounce from the EMA 200-day (Wed 08 May), the asset surged by an impressive 53%, marked by a series of 5 red candles out of 34 candles in 8h 30m. However, the inability to breach previous peaks signaled weakness.
On May 24th at 4:00 am, where a big red candle cross both the 50 EMA and the 61.8% Fibonacci retracement level. This event suggests a potential shift. The technical analysis indicates the possibility of a decline, estimated at approximately -23.73%, with a potential downside target around the 1.20 level. The price still on top of 200 EMA so just be aware of that.
PHEMEX:FRONTUSDT.P May 9, 2024, 6:30am
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.