Technical analysis by CryptoAnalystSignal about Symbol BAR: Buy recommendation (5/17/2025)

https://sahmeto.com/message/3520343

#BAR/USDT

:Buy

Price at Publish Time:

$1.67

Profit Target:

(+6.30%)$1.78

Stop Loss Price:

(-6.25%)$1.57

#BARThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator that supports the upward move by breaking it upward.We have a support area at the lower limit of the channel at 1.65, or a price rebound from it.This area acts as strong support from which the price can rebound.Entry price: 1.67First target: 1.70Second target: 1.57Third target: 1.78

Source Message: TradingView