GIGGLE / USDT at decision point- Watch for breakout or breakdownGIGGLE is currently trading within a rising channel, and price action suggests a possible breakout or breakdown ahead.
Bullish Scenario: A strong breakout above the channel could lead to a rally towards $275 – $289.
Bearish Scenario: A breakdown below the channel may push price towards the demand
Giggle chart pattern and potential bounceLooking at the Giggle chart, expecting retrace at least to the 0.5 level. Note, could wick down to take liquidity just under the 0.5.
2nd scenario, is price has a bit of a pause at 0.5 but continues down to the FVP below which was previously filled around 53 (circled).
Watching for appropriate r
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

