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Analysis of pair $POL -USDT
Time Period: 2025-10-17 23:00:00 ~ 2025-10-18 08:45:00
Nature of the data: Real-time data
## Analysis of Japanese Candlestick Patterns
* A bullish candlestick pattern appeared at the beginning of the chart around the price 0.18115 - an indication of the start of a bullish trend - a strong signal.
* A strong rising pattern forms around the price 0.18935 in the middle of the chart - a temporary peak followed by a reversal - a medium signal
* A sharp downward pattern appeared right after the peak - sudden selling pressure - a strong signal
* A Doji pattern forms around the price 0.18655 at the end of the chart - market indecision and balance between sellers and buyers - medium signal
Technical Indicators Analysis
* Moving Averages: The moving averages (MA5: 0.18645, MA10: 0.18656, MA30: 0.18664) are converging around the current price, indicating a potential support area.
* Bollinger Band: The current price is trading near the middle line (0.18705), with the upper limit at 0.18879, indicating moderate volatility.
* MACD Indicator: The MACD value is negative (-0.00020) with a bearish crossover between the MACD line and the signal line, indicating short-term weakness.
* KDJ Indicator: K values (33.53), D (27.75), J (45.09) show potential positive divergence with J value increasing.
* RSI Indicator: RSI(6) at 46.83, RSI(12) at 50.31, and RSI(24) at 52.62, indicate a balanced state with a slight upward bias in the long term.
* WR Indicator: WR(6) values at -48.64 and WR(10) at -69.35 indicate oversold conditions that may lead to a near-term rebound.
Identifying support and resistance levels
* Main resistance level: 0.18935 ( previous peak )
* Near resistance level: 0.18700 (Bollinger middle area)
* Nearest support level: 0.18650 ( Current trading )
* Main support level: 0.18115 ( previous bottom )
comprehensive technical evaluation
* Volume and price formatting: A decline in trading volumes after a sharp increase, indicating a loss of momentum.
* General market trend: Upward trend in the medium term with short-term correction.
* Summary of indicator signals: Mixed signals with a slight downward trend in the short term and stability in the medium term.
The summary
The POL-USDT pair shows a strong upward pattern followed by a sharp correction. The current price is trading in a balance zone between the moving averages, indicating a potential formation of a temporary bottom. The technical indicators show mixed signals with a chance of a rebound from the current support levels.
For traders, buying near the support level of 0.18650 can be considered, with a stop loss placed below 0.18500, targeting the resistance at 0.18700 as an initial target. However, attention should be paid to the trading volume and waiting for a breakout confirmation before making investment decisions. Always remember to manage risk properly and not to risk more than you can afford to lose.