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2024-11-12 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Bullish. Any long near 19000 is a very good trade until we clearly break below 19000. Market is in a clear trading range 19000 - 19648. Maybe bears will retest 19000 tomorrow but it could also just continue to move up from US close. Only a daily close below 19000 would change things. BTFD. comment: Daily chart continues to show alternating bull/bear bars and getting bearish around 19000 can only go wrong. If bears manage to continue below 19000 and close there, that would certainly change things big time but for now it’s a clear range, so play it. current market cycle: trading range key levels: 19000 - 19700 bull case: Bulls need to trap late bears and a bull trend during the asian session would help big time. Targets above are 1h 20ema at 19240 and then trying to break above the bear trend line. 50% retracement is around 19300 and this is the magnet we are oscillating around. Any long near 19000 is reasonable. Weekly 20ema for futures is 19100 and market could not close below it. Weekly on xetra is 18850, can we get there? Possible but for now I don’t think it’s more likely than a reversal up. Invalidation is below 19000 (maybe give it 30-50 points of room). bear case: Bears have going for them that they keep it below 19600 and the rejections are strong. On the weekly chart we now have made lower lows for 4 consecutive weeks but what do the bears accomplish? Bulls buy every dip and despite 4 bear weeks, we have gone nowhere. Until bears trap bulls with big selling below 19000, this will not change and we continue sideways. Bears need to keep this below 19250 to keep the momentum going. Above 19250 I heavily favor the bulls for 19300 and ignore the bear trend line and just move higher again. Invalidation is above 19300. short term: Bullish as long as we stay above 19000. Target above is 19600 and 20000 if bulls get freaky again. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling anywhere near the 1h 20ema was amazing.
EUREX:FDXSZ2024Long
by priceactiontds
SasanSeifi| Bullish Trend Building as $1.90 Holds!Hey there, ✌ In the daily time frame, as you can see, the price of BINANCE:OPUSDT has been oscillating with a slight increase after holding the $1 level for a relatively long period. After an initial rise and hitting a supply zone, the price has returned to the demand zone around $1 and, after reaching this level, we have witnessed another slight increase. Currently, as shown in the chart, the long-term downward trendline has been broken in the daily time frame, and the price is moving toward the $2 level. This break in the downtrend could indicate a potential trend reversal and the beginning of a new upward movement. Considering the overall market conditions and existing demand, the likelihood of continued price growth in the short and medium term has increased. One scenario we can consider is that if the price stabilizes above the supply zone, which is currently near the $1.90 level, we can expect OP to move toward higher levels. In this case, mid-term and long-term price targets could range from $2.20, $2.50, to even $3. The key support zone on the daily time frame for OP is at the $1.50 level. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
GOLD FORECASTIn this analysis we are focusing on 4H time frame for finding the upcoming changes on gold price. As we know that bearish momentum is very strong. So what do we need to do is just wait for price when it comes to our level and give any kind of rejection or any buy confirmation, then we will execute our buy trade. In my opinion and I'm expecting that price will bounce back toward upside after testing the zone. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #XAUUSD 4H Technical Analyze Expected Move.
OANDA:XAUUSDLong
by TradeTacticsreal
2024-11-11 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin - Max bullish. 100k next. Don’t fight it. I scalp long on strong momentum. comment: No doubt this will go to 100k. The move is so beyond everything at this point, no one will stop this. I would not be surprised if this hits 100k, to then dip 20-30% in 4-8 weeks after that. For now, don’t fight it and join strong momentum. 4h 20ema has not been touched since Wednesday. current market cycle: peak euphoria - small pullback bull trend key levels: 70000 - 100.000 bull case: Bulls want it bad. They will likely get it soon. Any decent dip is bought and we are printing 2-3% 1h bull bars. 4h tf shows 2 clear legs already, third one will likely lead to 100k. Invalidation is below 80000. bear case: Any pullback is mostly going sideways and it looks like it’s only bulls taking profits. Can’t be a bear in this. Don’t even try. Invalidation is above 110.000. short term: max bullish for 100k medium-long term - Update from 2024-11-11: 100k and then down to 70000 in 2-4 weeks. current swing trade: No thank you. trade of the day: Long anywhere and for any reason.
CRYPTO:BTCUSDLong
by priceactiontds
2
2024-11-11 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Bulls need a strong move above 19600 for higher prices and bears a 1h bar close below 19500. Leaning very slightly bullish because overall market environment. On the daily chart the market is printing alternating bull/bear bars so your guess is as good as mine when this will end. For now it’s best to scalp and fade the extremes. dax futures comment : Slightly bullish bias was right and market just want higher since Globex open. 19600 was rejected as it was last week but at least bulls made higher lows and higher highs again. 19500 is a tough spot for a trade as of now. If bulls can keep it above that price, that would bring much higher prices in play. If we close a 1h bar below, we likely test down to 19350 or lower. current market cycle: trading range key levels: 19000 - 19700 bull case: Bulls had a decent day but inside prior range and they got rejected at previous resistance. Buying above 19500 was not profitable so far and that did not change today. Best for bulls would be to make 19500 support and poke 19620 enough times until bears give up. It’s currently in a week channel upwards or a trending trading range or whatever you want to call it, it does not matter because you trade them the same. Invalidation is below 19000. bear case: Bears need a 1h bar close below 19500 or more bulls will join the buying above 19500. The rejection from 19600 was reasonable strong but in an overall maximum bullish environment, this market will have a hard time going down. If we look at the last 3 bears legs down, they get weaker and I do think many bears will give up, if bulls try to push through 19600 with force. Another way to look at this from the daily tf is that bears prevented the bulls from a daily close above 19500 for 2 weeks now. This can only continue so much until bulls give up. Both sides have reasonable arguments and this is almost always the case in trading ranges. Invalidation is above 19800. short term: Neutral. Bulls need a strong move above 19600 for higher prices and bears a 1h bar close below 19500. Leaning very slightly bullish because overall market environment. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Any long before EU open with stop 19250 was reasonable and then after the move above 19500 it was tough. At that point 19600 was very likely but stop was very far away for a limited upside. The sell off from 19620 down to 19450 was much stronger than I expected.
EUREX:FDXSZ2024
by priceactiontds
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout: Click chart above to see the detailed analysis👆🏻 After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout. Levels to watch: $120, $210 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
10
SasanSeifi| Will the Price Break Above $38 for Strong Uptrend?Hey there, ✌In the daily timeframe BINANCE:ORDIUSDT , as observed, the price has entered a corrective phase after a significant rise from the $40 range. Following the correction, with the $30 level holding, we have seen positive fluctuations again. Currently, the price is at the $35 range, and during this movement, there have been reactions to the downward trendline. Since the price is still below the 200-day moving average (EMA 200), paying attention to its behavior near this level and a potential breakout is crucial. Given the overall market conditions, the medium-term outlook for the price trend appears to be bullish. If the price can maintain the $33 to $31 range and, in the next phase, break above the $38 level along with the EMA 200 and establish itself above it, there is potential for a significant price increase towards the $43 to $45 range. In this scenario, the market could enter a strong uptrend. Therefore, if the price stabilizes above $38, further upward movement and growth would be likely. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
#202445 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin: Neutral. If we stay below 85000, we can have a two legged correction from here. Above 85000 I don’t see any reason to not print 100k. Quote from last week: comment: Bulls made the breakout early in the week and retested the ath 73805 but came short couple of points. It’s obviously the mother of all double tops here since the rejection is already deep enough, that there is a decent chance we won’t reach 73000 again. comment : What a rally this is. On Thursday I wrote that we broke high enough to make 80000 a possibility and it happened on Sunday. I absolutely can’t this see going any higher as of now but I can also be totally wrong about that. I have no interest in buying this, whatsoever. I have also drawn my preferred path forward with a two legged correction where the B would reach 80000 and we got that part already. My next target is 72000/73000. current market cycle: Bull trend key levels: 70000 - 80000 bull case: Bulls outdid themselves with the 80000 print. I expect big profit taking to come around soon and late bulls will get burned. My bullish targets are met and I got nothing for the bulls above 80000. Invalidation is below 70000. bear case: Bears are stepping aside for now until the spike is done. 80000 is the perfect place to wait and see if profit taking starts and once it gets going, I expect big bears to sell aggressively. If bulls manage to keep this going above 85000 I am completely wrong with my read and this could actually melt to 100000. How do I come up with that target? Measured move from the current spike is about 95000 and that is close enough to 100k to make it. What a sight that would be… Invalidation is above 85000. outlook last week: short term: Bearish medium-long term. Short term we could retest 70000 or higher but if you can hold shorts with stop 75000, I think they can work. → Last Sunday we traded around 68620 and now we are at 79329. Could not have been more wrong. Monday and Tuesday confirmed my read but Wednesday left no doubt about it being wrong. short term: Neutral but if we stay below 85000, we could see the two legged move down as drawn. Could still just be a bull trap and we sell down hard again. That does not mean shorting this right now is a good idea. Bears need to show strength with consecutive bear bars before I think about joining them. Right now it is max bullishness. medium-long term - Update from 2024-11-10 : No current outlook until bears come around. Above 85000 this has potential to go for 100k. current swing trade: None chart update: Added bullish 5-wave series and potential two legged correction. If we print 85000, the current bull leg is probably a W1 of a new impulse which could lead to 100k.
CRYPTO:BTCUSD
by priceactiontds
#202445 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well. tl;dr wti crude oil futures: Neutral between 68 - 73. Bulls have no tried to have a daily close above 73 for a month and could not get it. Friday’s bear bar looks like the turning point from which we will test lower. First bear target is a daily close below 70, followed by 68 and then 67. I doubt we get below 66.8 and rather print another nested triangle. Quote from last week: comment: The trading range expanded some but not much. On the weekly chart the September and October lows do seem to be respected and holding but since bulls fail to trade above 72.33, we are forming more nested triangles inside the big one on the monthly chart. For now the range is 65 - 72.33 until broken. comment: Market is now trying for 4 weeks to get below 73 and still failing. Friday’s bar is decent enough that bears could have given up and market has to drop down to 68 or lower to 67 to find more buyers. The trading range 68 - 73 is still not broken and until it is, that is the range to play. I just expecting bears to be stronger next week than the bulls. current market cycle: trading range key levels: 68 - 73 bull case: Bulls failed so many times below 73 now, they will probably only try again at 68 or even lower. We are making higher lows since September, so for now I expect buyers to step in above 67.5. If bulls keep it above 70, I would be surprised and we chop more between 70 and 73 until one side clearly gives up. Invalidation is below 66.7. bear case: Bears established strong resistance under 73 and we still have an open gap there. Their next target is to get a daily close below 70 to make much more bulls cover and then I expect the selling to accelerate down to 68 or even 67. Funny thing to watch currently is that the daily, weekly and monthly 20ema are as flat and close together like I have never seen it on markets before. This market is in absolute balance between 70 and 72. Mean reversion strategies for Oil must have made a killing in 2024. Invalidation is above 73. outlook last week: short term: Neutral again. Clear range and bearish pattern with limited downside. Scalp and don’t overstay your welcome in positions. → Last Sunday we traded 69.49 and now we are at 70.38. Good outlook but it’s not hard to be neutral and be right about it in this market. short term: Neutral again. Range is unbroken, play it until it breaks. medium-long term - Update from 2024-11-10 : Unless an event comes up, this will very likely close around 70 for the year. current swing trade: None chart update: Nothing
NYMEX:MCL1!
by priceactiontds
#202445 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. tl;dr gold futures: Neutral. Market only went lower through spikes, which were followed by a pullback. This is not as strong as it looks and I do think it’s likely that bears get disappointed next week. 2600 is possible but that is the lowest I can see this going for now. Any long closer to 2626 is an amazing trade. I have an open bull gap there and I highly doubt bears will be able to close it. For now bears have turned the daily 20ema into resistance and if you want higher probability on your longs, wait for a breakout above 2725. Quote from last week: comment: Decent pullback now on the daily chart but still far above the daily 20ema. Friday’s rejection at 2772 was good enough to expect this to break below 2740 for the second leg down. Problem for the bears is, that even if they break below 2720, the downside is probably limited to the bull trend line from August. So clearly a tough spot to trade. Any long closer to 2700 is better than closer to 2750. Same logic for shorts, I think 2800 continues to be a good level to sell and market moves more sideways instead of another break above that price. comment : Bear surprise because they just melted through 2700 and the bull trend line on Wednesday. Bulls retested the bull trend line and got rejected. Bears were also strong enough to keep the market below the daily 20ema and as long as that is the case, bears are in control for now. 2600 is my lower target for the bears and sideways 2600-2720 is the most likely path forward imo. current market cycle: Best guess right now is a bigger trading range 2600-2800. key levels: 2600 - 2800 bull case: Bulls failed at 2700 and if they don’t close a daily bar above 2720 soon, we could test down to 2600, which is where I expect many more buyers to enter the market again. We have an open bull gap, the October low and the weekly 20 ema in the price area. I do think the closer you can long to 2600, the better the trade. Invalidation is below 2600. bear case: Bears had 2 spikes down now and they could get a third before I see this going higher again. Bears know that each sell spike was followed by a bull bar, so the trend down is weak and will likely find it’s bottom soon. Bears will likely wait for another pullback higher to daily 20ema and/or bear trend line around 2710, before trying for a third leg down. Invalidation is above 2730. outlook last week: short term: Slightly bearish for a test down to 2700-2710. → Last Sunday we traded 2749 and now we are at 2694. Good outlook, market got even 50 points lower than my target. Hope you made some. short term: Neutral around 2700. If we stay below 2720, I can see a third leg down to retest 2650 or even go down to 2600/2620. Above 2730 I favor the bulls to go higher again. medium-long term - Update from 2024-11-03: For now I can’t see this breaking above 2800, since the rally was climactic. Until 2600 is broken, I expect sideways movement inside this range. Market should test down to the weekly 20ema over the next weeks/months but bears have absolutely nothing to show for since June and that’s why we can’t expect bigger selling until they clearly do more. Update: Changed 2700 to 2600, since market broke strongly below 2700 already. Trading range is still my preferred path forward, just the lower end went down 100 points. current swing trade: None chart update: Added bear trend line
COMEX_MINI:MGC1!
by priceactiontds
#202445 - priceactiontds - weekly update - daxGood Evening and I hope you are well. tl;dr dax xetra: Neutral. Choppy week with going nowhere. Market was moving sideways while other markets melted higher. Can’t be anything but neutral, since market is contracting in a tighter range. If I had to guess, I’d say bulls have a slightly higher chance of printing a new ath than bears breaking below 19000, just due to overall market euphoria. If bears break below 19000, measured move down is 18000. Bullish break above 19700 and we go for 20000. Buying below 19200 has been profitable for 2 months and I don’t expect it to fail next week. Quote from last week: comment: Big week for the bears since they broke the bull rally and most recent trend line, which turned the market neutral at previous support. Now comes the most important price action for the coming weeks. If bears get their strong second leg down, we will see 18200 in November, if we go sideways from here, odds drop for the bears and market is probably ranging more at the highs. It would also keep the possibility alive to print 20000 this year. The timing of the selling was in between very good earnings and mediocre outlooks. If we continue down, this would probably mean funds want to secure profits in this year and the selling could accelerate. comment : Bears failed at 19000 which keeps 20000 alive and it’s more likely that we continue sideways than a break to the downside. Above 19600 I would favor the bulls to get it to a new ath and potentially to 20000. Wednesday was the most important day last week and I would join either side above or below that bar. Otherwise there is currently no deeper meaning of this trading range near the ath. current market cycle: trading range key levels: 18900 - 20000 bull case: Bulls failed on Wednesday where they were rejected big time from 19560 for 500 points down. They have been printing higher lows since and now they need a break above 19600 for 19700 and then potentially 20000. As of now the market is in balance around 19300 and the triangle will play out some more. Any long below 19200 has been profitable for a month, so look for longs in that area, until it’s clearly broken. Invalidation is below 19000. bear case: Even with the big reversal on Wednesday, bears do not have much right now. Support is holding and market is spiking up, rather than below. As long as bears can’t print a daily close below 19000, it is useless to look at this from a bearish point of view. Even if bears get below 19000, the weekly 20ema is around 18800, so the downside is probably very limited, while bulls have the big target 800 points higher. Invalidation is above 19700. outlook last week: short term: Bearish for a second leg down, as long as we stay below 19400. → Last Sunday we traded 19254 and now we are at 19215. Monday and Tuesday were nothingburger and Wednesday crossed my invalidation line pretty fast. Wrong outlook anyway. short term: Neutral 19000 - 19700, bullish above for 20000. I do think the triangle could play out some more and I am currently more willing to buy below 19200 than to short 19600. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None chart update: Changed two legged correction into 3 legs down, target is the same for now.
XETR:DAX
by priceactiontds
#202445 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well. tl;dr sp500 e-mini futures : Bullish. Breakout was strong with follow through and I have a measured move target to 6400+ and a trend line that runs through 6200. Even if we get a pullback, the first one will most likely be bought and we retest 6050. What would the bears need to make this the ultimate bull trap? One giant bear bar that closes below 5850 could do it but how likely is that? It’s absolutely reasonable to not buy into this madness and wait for bears to come around. I would be surprised if we closed 2024 above 6000. Quote from last week: comment: Reasoning here is almost identical to dax and nasdaq. Selling was strong enough for a second leg and a measured move leads down to 5555, which is near the 50% retracement. I won’t repeat the same stuff here what I wrote for dax. comment : Same logic here as for dax. Bears failed to get below 5700 and on Tuesday market went the other direction. Wednesday was certainly a huge bull surprise and we went high enough that it opens even higher targets. The rally lost steam on Thursday/Friday, which could result in a pullback first. I draw the line for bulls around 5850, if we drop below, we might as well go 5800 followed by 5730. current market cycle: Bull trend key levels: 5850 - 6050 (above 6050, 6200 comes in play) bull case: With 6000 my bullish targets were met but this does not look like it’s reversing anytime soon. If bulls keep it above 5850, we are free to go up to 6100/6150. A measured move from last week up gives us 5300 and I even have a measured move target at 6500ish from the August rally but that is obviously very far fetched for now. Invalidation is below 5850. bear case: Bears have nothing as of now. The rally last week was strong enough to expect more upside and bears could not trade more than a bar below the 1h 20ema since Tuesday. The best they can hope for is that the bull trend line above us, holds and market does not go much above 6050. My bullish targets were met with 6000 but the market obviously broke strong enough above it. Bears have no decent reason to sell this right now. Invalidation is above 6100. outlook last week: short term: Neutral until we break below 5700. I favor some more sideways movement before the second leg down but it should stay below 5830. → Last Sunday we traded 5758 and now we are at 6025. Well, at least I was not bearish. short term: I want to join the bulls but need a pullback first or a strong momentum break above 6030. Zero bearish thoughts as of now. medium-long term - Update from 2024-10-13: Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. current swing trade: None chart update: Removed bear lines, adjusted bull trend line and added bull channel
CME_MINI:MES1!Long
by priceactiontds
2
SasanSeifi| From $1.00 to $1.70, What's Next for This Asset!?Hey there, ✌On the daily time frame BINANCE:FETUSDT , as you can see, we’ve seen a notable price increase from the demand zone around $1. At the moment, the downward trendline that had previously capped the market has been broken, and the price is now trading around $1.50. The overall market sentiment appears to be shifting bullish, and it is expected that the price could rise to the levels of $1.60 – $1.70. After this, considering the possibility of a consolidation or pullback phase, it is anticipated that the price will continue its upward movement and may reach the $1.90 level, followed by the $2 supply zone. If the price continues to rise, it will be crucial to closely monitor how the price reacts at these key levels in order to gain a better understanding of the next potential moves. The current important support zone is at $1.35. Therefore, before making any decisions regarding entry, it is highly recommended to carefully analyze the overall market conditions and pay close attention to the key support and resistance levels. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
Bitcoin, BTC, Large Footprints say Higher Sir. Once you see this, it can't be unseen... How do large players build large positions? They shake you out and take yours. Think about it; where do you place your long stops? below the previous low? perfect. See what the large players did here? they kept the shorts in play, while running the long stops 4 times, each time stopping out your longs and building their longs. What happens next? maybe one last little shake.. then send it. shorts need to cover and now sidelined players need to enter new positions, all adds fuel to the long. This is a bull flag re-accumulation pattern. But think bigger, as fiat currency continues to inflate, your purchasing power continues to melt like an ice cube... that makes this is a long term trade. The Trade? Do everything you can to acquire as much spot Bitcoin as you can, then diamond hand it as long as you can. This is going much higher. Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance. See the linked chart for those targets. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BITSTAMP:BTCUSDLong
by TribeWriter666
GOLD MCX - 1D TIMEFRAME - ANALYSIS Pure Price Action-Based Trading Plan Buy Position: Enter a buy position if the price breaks and closes above ₹78,700. Targets: Target 1: ₹79,500 Target 2: ₹80,500 Target 3: ₹82,000 Stop Loss: Place the stop loss just below ₹77,000 to limit downside risk. Sell Position: Enter a sell position if the price breaks and closes below ₹76,300. Targets: Target 1: ₹75,500 Target 2: ₹74,500 Target 3: ₹73,000 Stop Loss: Set the stop loss above ₹77,000 for this trade. Given the overall bullish trend, it would be safer to lean towards a buy on breakouts rather than anticipating a reversal. However, a break below support could open the door for short-term selling opportunities. This approach relies purely on observing price behavior at key levels rather than indicator-based signals.
MCX:GOLD1!
by rddtqpek
1
SasanSeifi| Can We Expect a Rebound Above Key Resistance Levels?Hey there, ✌ BINANCE:SHIBUSDT On the 4-day long-term time frame, after breaking a strong support at the 0.000018 cent level, the price experienced a significant drop, reaching the 0.000010 cent range. Currently, the price is trading in a range around 0.000014 cents, and it’s important to note that it remains below the 200-day Exponential Moving Average (EMA). As long as the price is trading below the 200 EMA and the key supply zone between 0.000016 and 0.000017 cents, the overall outlook stays bearish. At the moment, the price is moving toward the key supply zone. If the price gets rejected and momentum weakens at this level, and we receive a sell confirmation (SELL) on lower time frames, the likelihood of a downward move toward targets like 0.00000945 cents increases. On the other hand, if the price manages to break and hold above the key level and the 200 EMA, further price growth towards targets of 0.000020, 0.000023, and 0.000025 cents is possible. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
2