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!
İşlem aktif
• 1st Target Reached: 0.67755 ✔İşlem aktif
2nd Target Reached: 0.67444 ✔İşlem aktif
3rd Target Reached: 0.67139 ✔İşlem kapandı: hedefe ulaştı
1st Target Reached: 0.67755 ✔
2nd Target Reached: 0.67444 ✔
3rd Target Reached: 0.67139 ✔
Not
The market unfolded just as I mapped it out.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.