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When we take a look at the weekly timeframe, we can see that the price has taken a dip from the $4.80 range and has now reached the $3 support level due to some selling pressure. At the moment, it's trading within the range of $3.56, showing a period of consolidation with a positive response to the support level. Looking ahead, there's a possibility of further price correction in the long term.
Let's explore a scenario in the weekly timeframe: The price could Potentially continue correcting toward the price targets of $2.80 and the Fair Value Gap (FVG) range of $2.60, accompanied by price fluctuations. By Keeping an eye on the support levels and observing positive price movements on lower timeframes, we'll gain better insights into The continuation of the price trend.
To better understand how the price will move in the future, it's important to pay attention to how it reacts to the support levels. On the other hand, if the price breaks below the significant support level of $2.60 and remains stable below it, we might see a further price correction. Just remember that the key resistance levels in the weekly Timeframe are $4.20 and $5.
If you have any more questions or need further clarification, please feel free to ask.
❎ (DYOR)...⚠️⚜️
If you like my analysis, please Like and comment.🙏✌️
When we take a look at the weekly timeframe, we can see that the price has taken a dip from the $4.80 range and has now reached the $3 support level due to some selling pressure. At the moment, it's trading within the range of $3.56, showing a period of consolidation with a positive response to the support level. Looking ahead, there's a possibility of further price correction in the long term.
Let's explore a scenario in the weekly timeframe: The price could Potentially continue correcting toward the price targets of $2.80 and the Fair Value Gap (FVG) range of $2.60, accompanied by price fluctuations. By Keeping an eye on the support levels and observing positive price movements on lower timeframes, we'll gain better insights into The continuation of the price trend.
To better understand how the price will move in the future, it's important to pay attention to how it reacts to the support levels. On the other hand, if the price breaks below the significant support level of $2.60 and remains stable below it, we might see a further price correction. Just remember that the key resistance levels in the weekly Timeframe are $4.20 and $5.
If you have any more questions or need further clarification, please feel free to ask.
❎ (DYOR)...⚠️⚜️
If you like my analysis, please Like and comment.🙏✌️
评论:
as you can see, according to the scenario in the weekly timeframe, the price encountered some correction after ranging up to the first target of 2.24.✌🔥✅
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