KBBB - Any Opinions for 4 Hours Chart ?📉 Trend Overview
Major Downtrend continues — price has collapsed from above $0.05 to current levels around $0.00047, a >99% drop.
📈 WaveTrend Oscillator (WT_CROSS)
WT oscillator is deep in the oversold region (below -40), which often indicates exhaustion in the downtrend.
- Green dot printed on the oscillator = possible bullish crossover signal.
- However, signal lacks volume confirmation, and previous green dots in this downtrend have only led to small upticks.
⚠️ Key Levels
- Support Zone (Low): Around $0.000451 (marked on chart).
- First Resistance: Around $0.0007–$0.0010 (previous consolidation area).
- Breakout Zone: Above $0.0014, which would indicate a possible structural reversal.
✅ Bullish Signs
Oversold oscillator + sideways consolidation = potential base building.
Price hasn’t broken further down since June 16 low, which could hint at short-term exhaustion by sellers.
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Disclosures:
This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
