behnamxt

SAVMUSDT: Consolidation Breakout on the Horizon?

Long
KUCOIN:SAVMUSDT   SatoshiVM / Tether
The SAVMUSDT chart is currently exhibiting signs of a potential bullish breakout. While the price is currently within a consolidation zone, several technical indicators suggest an upward move might be imminent.

Key factors to consider:

  • Pivot Points: Both the weekly and daily pivot points are situated below the current price, indicating potential buying pressure.
  • RSI: The Relative Strength Index (RSI) is also supportive of a bullish move, suggesting that the asset is not yet overbought.
  • Daily Resistance: A decisive close above the daily resistance level could be a strong confirmation of a bullish trend.

This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.