FARM Technical Analysis: Long-Wick Keeps The Prices Under $40

FARM prices show an increase in higher price rejection as the bullish rally plans to undermine the bearish pattern fallout. Key technical points: The market price has increased 35.64% over the past 24 hours. The price action shows a reversal from the $27 mark. The 24-hour trading volume of Harvest Finance is $41.88 Million, indicating a hike of 121%. Past Performance of FARM FARM prices broke under the descending triangle pattern formed after the rejection at the $60 mark. The selling spree over the weekend broke under the $40 support level leading to a fallout rally to $27. However, the increase in buying pressure forms a morning star pattern to retest the broken triangle pattern. Source- Tradingview FARM Technical Analysis FARM prices rise incredibly by over 20%, but the daily candle shows a higher price rejection above $40 that undermines the recovery rally. However, the increase in trading volume supporting the bullish recovery keeps hinting at an uptrend extension. The pivot points represent a support level at $22 and resistance levels at $56 and $81. Hence, the trendline breakout can result in a price jump to $56. The daily-RSI slope displays a V-shaped reversal from the oversold boundary surpassing the 14-day SMA representing a rise in buying pressure. Furthermore, the MACD indicator shows the fast and slow lines undermining the recent bearish crossover with a sharp reversal. Hence, the indicators indicate an increase i...