▪️ Hello everyone ✌️
As you can see, after the almost 30% price drop from the 14$ price range; Currently, the price is trading in the 11$ range.
According to the behavior of candles, the scenario we can consider in the daily time is that if the support range of10$ is maintained, the price will grow to the Fair Value Gap-FVG range of 12.50$ and the important resistance range of 14$. And then, if it is confirmed from the resistance range, we will see the price correction.
In case of a positive fluctuation, to better understand the continuation of the movement process,We have to see how the price will react to the resistance ranges. Otherwise, in case the price penetrates above the important resistance range of 14$ and stabilizes it, We may see more price growth. Possible trends are also identified.
❎ (DYOR)...⚠️⚜️
What do you think about this analysis? I will be glad to know your idea 🙂✌️
IF you like my analysis please LIKE and comment 🙏✌️
As you can see, after the almost 30% price drop from the 14$ price range; Currently, the price is trading in the 11$ range.
According to the behavior of candles, the scenario we can consider in the daily time is that if the support range of10$ is maintained, the price will grow to the Fair Value Gap-FVG range of 12.50$ and the important resistance range of 14$. And then, if it is confirmed from the resistance range, we will see the price correction.
In case of a positive fluctuation, to better understand the continuation of the movement process,We have to see how the price will react to the resistance ranges. Otherwise, in case the price penetrates above the important resistance range of 14$ and stabilizes it, We may see more price growth. Possible trends are also identified.
❎ (DYOR)...⚠️⚜️
What do you think about this analysis? I will be glad to know your idea 🙂✌️
IF you like my analysis please LIKE and comment 🙏✌️
Follow Your Own Trading Plan!
😍 Join our free Telegram Channel for more analysis
🔱Telegram👉 t.me/Forex_Crypto_Signal_Free_VIP
😍 Join our free Telegram Channel for more analysis
🔱Telegram👉 t.me/Forex_Crypto_Signal_Free_VIP
🔱Based on the latest analysis, considering the support level at $10, the price has managed to grow by approximately 17% towards the desired targets. Currently, to better understand the continuation of the price movement, we need to observe how the price reacts upon reaching the resistance level at $14. If it confirms this level, there is a possibility of a price correction. 💹
◻Otherwise, if the price remains above the supply zone, there is a higher chance of further price growth toward the price range of $15 to $16.💹
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
◼Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!