PROMUSDTPROMUSDT is in bearish trend.
potentially printing LH and LL.
there is no divergence in RSI which indicates that trend is going to continue here.
WE wait and watch for the breakout of last LL.
PROMUSDT.P trade ideas
Prom Pump But Now is On The Middle. Hare is My Study on Both Side. and Entry Points For Sell And Buy.
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PROM/USDT - Prometeus: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the TURQUOISE:PROM / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 4.31 | 4.75 | 5.47, while substantial support zones are identifiable at 3.59 | 3.31 | 2.59. It is highly recommended to seize this opportunity by entering a trade within the present price range of 4.07 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Prometeus
▣ Rank: 287
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Bittrex, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Prometeus project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 4.07 ₮
▣ 24HVol: 268,091.694 ₮
▣ 24H Chng: 3.562%
▣ 7-Days Chng: 5.75%
▣ 1-Month Chng: 9.01%
▣ 3-Months Chng: -20.72%
◲◰ Pivot Points - Levels :
◥ Resistance: 4.31 | 4.75 | 5.47
◢ Support: 3.59 | 3.31 | 2.59
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.91
▣ Last 90D: -1.52
▣ Last 1-Y: 0.06
▣ Last 3-Y: 0.79
◲◰ Volatility :
▣ Last 30D: 0.54
▣ Last 90D: 0.53
▣ Last 1-Y: 0.95
▣ Last 3-Y: 3.56
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.76 - V. Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth PROMUSDT technical analysis on Tradingview TA page
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PROM/USDT LongThe RSI simply indicates that PROM is oversold right now and is nearing it's previous support levels.
I'd suggest you guys keep this on your radar!
As always, this is just my opinion and not a financial advice.
Do your own EXTENSIVE research before buying any coin.
A Correction May Be on the HorizonPrometeus (PROM) is a hot topic in the crypto world today, with the asset's price currently sitting at $6.273 and a 4-hour timeframe under consideration. As of now, PROM is leading the market with the most gain today, making it an attractive asset for traders and investors.
However, we must take a closer look at the given indicators to understand the asset's current state. The Relative Strength Index (RSI) for PROM is at a high of 81, which suggests that the asset is currently overbought. This means that a price correction could be on the horizon, so investors should exercise caution.
Looking at the Fibonacci levels, we can see that the 0.5 Fibonacci level is currently at 4.230, which could potentially act as a support level for the asset. However, if the asset's price continues to climb, we could see it testing the 1 Fibonacci level of 3.669.
The upper and lower Bollinger Bands for the 4-hour timeframe are at 5.830 and 3.769, respectively, with the middle Bollinger Band at 4.800. This suggests that the asset is experiencing moderate volatility, with potential support and resistance levels at the Bollinger Bands.
The volume oscillator for PROM is currently at 51.54%, indicating that there is the moderate trading activity for the asset. Meanwhile, the Moving Average Convergence Divergence (MACD) is indicating bullish momentum with a reading of 0.308. Additionally, the 4-hour Exponential Moving Average (EMA) 50 is currently at 4.669, indicating that the asset is trading above its short-term moving average. These indicators all support the idea of bullish momentum for PROM.
In conclusion, PROM is currently a hot asset in the crypto market with the most gain today. However, the high RSI suggests that a correction may be on the horizon, so investors should exercise caution. The Fibonacci levels and Bollinger Bands can be used to identify potential support and resistance levels, while the moderate trading volume and bullish momentum indicators support the idea of a continued upward trend for PROM.
Falling wedgeBullish divergence in the rsi and stochastic rsi. Falling volume falling price. Price getting above 20 EMA.
PROMUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
