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A8

A8USDT: Trendline Breakout with Bullish Confirmation Ancient8A8USDT:Ancient8: Trendline Breakout with Bullish Confirmation 🚀 - **Key Breakout:** Price finally breaks the descending trendline after multiple rejections (red circles). - **Volume Spike:** Confirming buyer strength on the breakout (green circle). - **Parabolic SAR Flip:** Bullish momentum is intact. - **RSI:** At 69.85, showing strong momentum but nearing overbought. - **OBV:** Trending upward, indicating steady accumulation. - **CMF:** Positive, confirming capital inflows. If the price sustains above the breakout area and the 0.236 Fibonacci level, further upside potential is in play. Watch for volume and momentum to hold!
Long
by vagada
A8USDT.P on the 3D chart Breaking Out of Consolidation?Ancient8 - Breaking Out of Consolidation? - **Trendline Breakout**: The chart shows a clear breakout above the descending trendline, signaling a potential bullish shift in momentum. The breakout is accompanied by increased volume, validating the move. 📈 - **Volume Spike**: A significant spike in volume indicates strong buyer interest, which could fuel further upward movement. - **Moving Averages**: The 20-day MA is sloping upwards, providing short-term support. The price is now trading comfortably above it, suggesting that momentum is shifting in favor of buyers. - **Indicators**: - **RSI** at **54.44** suggests neutral territory but trending upward, indicating building momentum. - **MACD** has crossed bullish, with both the signal line and histogram showing positive trends—another confirmation of the bullish breakout. - **OBV** is climbing steadily, reflecting strong accumulation by buyers. - **Key Levels**: - Immediate resistance lies near **$0.108**. A daily close above this level could confirm the breakout and open the path to higher levels. - Support is found at **$0.083**, the breakout point from the trendline, and should hold to maintain the bullish outlook. Conclusion: The breakout above the trendline, coupled with strong volume and bullish indicators, points to a potential shift in momentum for **A8USDT.P**. A sustained close above **$0.108** would confirm this breakout and could attract more buyers. Watch for follow-through in volume and price action to solidify the bullish scenario. 🚀
Long
by vagada