🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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Price development trends and probability analysis for the next 3 hours
Based on the above indicators, we can draw the following conclusions:
* Main trend judgment: High-level consolidation in an uptrend.
* Analysis Summary: Technical indicators generally point towards bullish sentiment on the 1-hour timeframe, particularly with the formation of the EMA golden crossover, which confirms a short-term upward trend. However, the weakening of MACD momentum and resistance above the order book indicate that the price needs to undergo a period of energy accumulation and consolidation before making a significant upward move.
* High probability event (65%): The price is expected to consolidate around the current range of 114,200 - 115,000 within the next 3 hours. Bulls will attempt to absorb the selling pressure above to prepare for the next upward wave.
* Low probability event (35%): divided into two possibilities:
* Breakout upwards (20%): If new buying capital enters the market, the price may break through the resistance level of 115,000 with increased volume, testing higher levels such as 115,500.
* Slight pullback (15%): If the bullish momentum continues to weaken, the price may slightly retreat, seeking support from the lower EMA moving average (currently around 114,000).
Operational Suggestions (For Reference Only):
* Support levels: 114,000 / 113,500
* Resistance levels: 115,000 / 115,500
Please note: The cryptocurrency market is highly volatile, and this analysis is based solely on the current chart information and should not be considered an absolute basis for investment. Please be sure to set stop-loss orders and manage your risks while trading.