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PEOPLE / TetherUS

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PEOPLEUSDT trade ideas

✴️ ConstituionDAO Classic Chart Analysis With 120%+ TargetPEOPLEUSDT (ConstitutionDAO) is trading daily above EMA100, EMA50 and EMA10 as well as MA200. These are short-term, medium-term and long-term moving averages. MA200 is the most important one as this level has been conquered and confirmed as support, meaning, PEOPLEUSDT is setting itself up for long-term growth. Then we have the classic RSI signal called strong/bullish when trading daily above 50. At 61 we would call this reading super strong. The MACD is really good technically speaking, above zero, trending higher with green histogram and showing plenty of room available for additional growth. Finally, we have a volume breakout as today's session produces the highest volume since December 2022. All this is pointing to additional growth. There is also a higher low, an ascending channel and multiple chart patterns... All bullish of course. With that said, prepare for all scenarios if you decide to buy as markets are always evolving and anything you see now can easily change. Namaste.
Long
by AlanSantana
1
PEOPLEUSDT wants the breakout soon?PEOPLEUSDT has been trading within a relatively narrow range, which indicates that there is a buildup of buying pressure in the market. At present, the price of PEOPLEUSDT is testing a key support level, which is important for attracting new liquidity to the market. If this support level holds, it could potentially lead to a breakout of the 0.0225$ area, which would be a bullish signal for the market. According to Plancton's rules, if the price of PEOPLEUSDT does indeed create a breakout and move higher, it could present an opportunity for traders to open new long positions. This is because a breakout would signal a potential shift in market sentiment, indicating that there may be more buyers than sellers in the market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
PEOPLE - Doesn't look promising Looking at the weekly, we can see that the pump on the last few days doesn't mean much on a larger picture. There is major resistance at 0.035 which has held strong over the last 12 months, and a consolidation triangle was formed. Triangles are more often continuation patterns, so the higher probability is for a continuation to the downside. Right now bulls are trying to fight the breakdown, but let's see what the next couple of weeks have for us.
Short
by Stoic-Trader
PEOPLE/USDT might be good for longHey guys 👋 Another one on our watchlist is going to be PEOPLE/USDT pair. We haven't taken look at that for some time now so here we are. Well first thing we notice here is triangle formation (descending wedge). Price seems currently trying to break that resistance near EMA200 zone which will lead the price to go near upper side of that formation. Breaking it would be considered as a good entry zone for a buy position. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowPremium
13