analysis
magic/usdt/perpetual/bybit/1H
In this time frame, the price chart has an ascending bullish flag pattern.
As you can see, the price is moving in a downward channel, and due to the price hitting the ceiling of the channel, we will expect the price to correct to the support floor of the channel, i.e., the range of 0.786, and after hitting this level, expect the impulsive movement first up to The ceiling of the channel means the 0.5 Fibonacci level, and if we cross this level, we will expect a further rise to the 0.236 Fibonacci level.
Price targets:
1.6118 - 1.8454 - 2.1068
magic/usdt/perpetual/bybit/1H
In this time frame, the price chart has an ascending bullish flag pattern.
As you can see, the price is moving in a downward channel, and due to the price hitting the ceiling of the channel, we will expect the price to correct to the support floor of the channel, i.e., the range of 0.786, and after hitting this level, expect the impulsive movement first up to The ceiling of the channel means the 0.5 Fibonacci level, and if we cross this level, we will expect a further rise to the 0.236 Fibonacci level.
Price targets:
1.6118 - 1.8454 - 2.1068