Will the Price Bounce or Break?
1H Timeframe Analysis
Current Price: 0.67940
Bearish Outlook:
1. 1W Chart: Bearish Engulfing (Reversal)
2. 1D Chart: Shooting Star (Reversal)
3. 4H Chart: Rising Wedge (Reversal)
4. 1H Chart: Pennant (Continuation)
The price is currently at the lower trendline of the Rising Wedge. With the Pennant pattern in play, we expect a drop to 0.67755. If strong support is found here, the price may bounce back to the major resistance at 0.68350. Due to this resistance, a reversal could push the price down to 0.67444, with potential bounces at support levels before aiming for ultimate support.
Bullish Target:
0.68350
Bearish Targets:
0.67755
0.67444
0.67139
Good luck, traders!
Current Price: 0.67940
Bearish Outlook:
1. 1W Chart: Bearish Engulfing (Reversal)
2. 1D Chart: Shooting Star (Reversal)
3. 4H Chart: Rising Wedge (Reversal)
4. 1H Chart: Pennant (Continuation)
The price is currently at the lower trendline of the Rising Wedge. With the Pennant pattern in play, we expect a drop to 0.67755. If strong support is found here, the price may bounce back to the major resistance at 0.68350. Due to this resistance, a reversal could push the price down to 0.67444, with potential bounces at support levels before aiming for ultimate support.
Bullish Target:
0.68350
Bearish Targets:
0.67755
0.67444
0.67139
Good luck, traders!
Trade aktif
• 1st Target Reached: 0.67755 ✔Trade aktif
2nd Target Reached: 0.67444 ✔Trade aktif
3rd Target Reached: 0.67139 ✔Trading ditutup: target tercapai
1st Target Reached: 0.67755 ✔
2nd Target Reached: 0.67444 ✔
3rd Target Reached: 0.67139 ✔
Catatan
The market unfolded just as I mapped it out.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.