PEOPLEUSDT trade ideas
PEOPLEUSDT.1DIn the analysis of the PEOPLE/USDT daily chart, we're observing several crucial technical elements that shed light on potential future movements. The current price stands at $0.0860, which indicates a minor decline in the session.
Trend Analysis:
A descending trendline has been clearly illustrated, mapping out the resistance experienced from past peaks. This trendline suggests a primary bearish bias in the market. The current price action is beneath this trendline, signaling continued bearish control unless a breakout occurs.
Support and Resistance Levels:
R1 at $0.10218 and R2 at $0.12280 mark the primary and secondary resistance levels. A bullish momentum that pushes the price above R1 could suggest a shift in market sentiment, potentially testing R2.
S2 at $0.03872 represents a significant long-term support. If this level holds, it could serve as a strong base for price stabilization and potentially an upward reversal.
Relative Strength Index (RSI):
The RSI stands at 40.42, slightly below the neutral 50 mark, indicating a bearish momentum but not yet entering the oversold territory. This positioning suggests cautious bearish pressure without extreme sentiment.
Moving Average Convergence Divergence (MACD):
The MACD shows a minimal histogram above the signal line but is very close to crossing below it, which could suggest a strengthening of bearish momentum if confirmed in upcoming sessions.
Volume Analysis:
While volume isn't highlighted on this chart, understanding volume trends in conjunction with these price movements would be beneficial. Typically, decreasing volume during a downtrend might suggest waning selling pressure, possibly leading to a consolidation phase or a reversal if followed by increased buying volume.
Strategic Trading Advice:
Traders should monitor for any potential breakout above the descending trendline. A confirmed breakout, ideally with increased volume, could invalidate the current bearish scenario and lead to testing higher resistance levels. On the downside, watch the S2 support; a break below this could lead to further declines, therefore, maintaining strict stop-loss orders below S2 would be prudent to mitigate risks.
In conclusion, the PEOPLE/USDT pair shows a predominantly bearish outlook with potential for reversal should it breach key resistance levels with supporting volume. Traders should remain vigilant and adapt to the changing market dynamics by using these technical indicators as guides for their trading decisions.
PEOPLE/USDT: POTENTIAL DESCENDING BROADENING WEDGE!!Hey everyone!
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PEOPLE look good here. Breaks out from the descending broadening wedge-like structure and currently retesting it. Long some here and add more in the dip.
Entry range:- $0.075-$0.08
Targets:- $0.0865/$0.098/$0.11/$0.126
SL:- $0.07
Lev:- Use low leverage (2x-4x)
#people backlash target where?📊#people backlash target where❓
🧠From a structural point of view, we have entered an in-depth correction after completing the weekly level target. It is currently in the rebound stage after the correction. The target area that needs attention is 0.08295-0.09451 and near the resistance area.
➡️If there can be a good correction in the future and return to the buying zone again, it will be very worthy of our attention.
Let’s see 👀
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BINANCE:PEOPLEUSDT.P
PEOPLE/USDT: Neutral Market Analysis and Educational InsightsMarket Overview
PEOPLE/USDT is exhibiting notable price action that provides an excellent opportunity for educational analysis. This post aims to share insights into the current market behavior of PEOPLE/USDT without suggesting any specific trading actions.
Thank you .
#PEOPLE/USDT Futures Trade Setup!If you're seeking a low-risk, high-reward setup, SEED_DONKEYDAN_MARKET_CAP:PEOPLE looks promising to me.
Entry Range
- Entry: $0.06180 to $0.06022
- Stop Loss (SL): $0.05977
Risk Reward:- 1:14 (Highly lucrative) but SL is a must!
Target Levels
- First Target: $0.06477
- Second Target: $0.06677
- Third Target: $0.06987
- Fourth Target: $0.07322
- Fifth Target: $0.07677
Remember to Do Your Own Research (DYOR) and note that this is Not Financial Advice (NFA). If you consider this trade, I repeat SL is a must.
#Crypto #peopleusdt
PEOPLE Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
PEOPLE has maintained the primary support level from $0.04237 to $0.05458. It is facing slight resistance at the 100 EMA at $0.06715. If the price is rejected from the CMP, it is likely to hit the lower support level at $0.033 (a 44% drop).
On the positive side, a bullish trend can be expected if #PEOPLE breaks above the 100 EMA resistance.
- Sweet spot to enter: $0.033 to $0.04237.
- Long-term Target: $0.093, $0.133, $0.164, $0.2.
- Invalidation Point: A breakdown and close below $0.033.
DYOR, NFA.
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#PEACE
PEOPLE CONSTITUTIONDAO BLUEPRINT
Three scenarios here. It is either we are done with wave 2-yellow and this is the last low we will be seeing in a long time since we will be going to $0.40 All Time High or this last swing low wave W-orange is just the beginning of a double combo WXY meaning we will get 20% pump to wave X-orange and then create a lower low for wave Y-orange which will become a Zigzag for a perfect wave 2-yellow sitting at the 78-80% Fibonacci level .
And lastly, the overall wave 2-yellow could just be a FLAT which will make price reject again at the 2 previous highs creating a temporary resistance by creating a liquidity clog and also create a potential Range like the previous price action. The common ground for all this possible outcome is that BINANCE:PEOPLEUSDT is bullish short to mid term.
Tip: You can Ape in at current price, take half profit at the common ground area ($0.39 - 0.63) and leave the rest to run wild while you either set stop loss to it or DCA lower.
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