Hi guyz
Looking at the 12-hour timeframe, we realize that this currency is near a resistance and supply level.
which previously also managed to recover its price up to this area and a little higher after the fall.
If the price stabilizes above 1820, we can expect the price to grow up to the specified area.
We should pay attention to the price node that exists in the area of 2150. This node has not been reached yet and it can be expected that the price intends to remove this node as well.
By examining the Ichimoku cloud in 4 hours time, it can be seen that there is a good situation for the price to continue growing in case of stabilization.
With a one-hour analysis, we also find that the price has broken its hourly resistance of
1
,840, and the price continued to rise up to
1
,939.
Currently, we see that the price has started a downward trend, and if it stabilizes above the 1850 area, this price reversal can be considered as a pullback.
In general, if the price can stabilize above the area of 1850, we can expect the price to rise up to 1940 and 2000, otherwise, the price can fall to the previous floor of 1720, and if it stabilizes in this area, we can fluctuate between the floor and the previous ceiling. If we lose the bottom of 1720, we will see deeper drops up to 1400.
Of course, these cases will be examined in the analysis after the price movement.
Looking at the 12-hour timeframe, we realize that this currency is near a resistance and supply level.
which previously also managed to recover its price up to this area and a little higher after the fall.
If the price stabilizes above 1820, we can expect the price to grow up to the specified area.
We should pay attention to the price node that exists in the area of 2150. This node has not been reached yet and it can be expected that the price intends to remove this node as well.
By examining the Ichimoku cloud in 4 hours time, it can be seen that there is a good situation for the price to continue growing in case of stabilization.
With a one-hour analysis, we also find that the price has broken its hourly resistance of
1
,840, and the price continued to rise up to
1
,939. Currently, we see that the price has started a downward trend, and if it stabilizes above the 1850 area, this price reversal can be considered as a pullback.
In general, if the price can stabilize above the area of 1850, we can expect the price to rise up to 1940 and 2000, otherwise, the price can fall to the previous floor of 1720, and if it stabilizes in this area, we can fluctuate between the floor and the previous ceiling. If we lose the bottom of 1720, we will see deeper drops up to 1400.
Of course, these cases will be examined in the analysis after the price movement.
