Sunny_Mind

Sunny_Mind

In the 4-hour time frame, we see Wedge pattern that is broken upwards. When the price breaks the uptrend line, we expect the asset price trend to make a bullish return.

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We are in a very important support range and this range is exactly the 0.618 Fibonacci range. We have seen price rejections from this range in the past, the downward trend is weakening and if this area is not lost, we can expect support from this range.

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in the 4-hour time frame, the price is in an ascending channel. If we don't lose our ascending channel and there is The range of 0.1008 is a trading node, and if this range is broken and stabilized above this range, we can expect to rise to the resistance range of 0.1110 to 0.1138 of this currency.

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In the daily time frame, after reaching the resistance range of 0.1110, the price made a correction to the range of 0.0958, which is 0.5 daily fibo, and moved up again. Currently, the daily volume has decreased and the RSI has reached the 50 daily range, but it has not broken, so for now we have a weak upward trend in the daily time frame.

Sunny_Mind Updated 

In the weekly time frame, after supporting the range of 0.0795, we reacted to the resistance range of 0.1075 and the price corrected. We have a trend line where we see a pullback sign.