This chart represents an analysis of $CHILLGUY YUSDT ("Just a Chill Guy") on a 1-hour timeframe. Here's the summary:
Current Price: $0.3824, up 6.05%.
Fibonacci Retracement Levels:
The price is retracing within Fibonacci levels (0.5 and 0.618), indicating a potential reversal zone for a bullish move.
Key Targets:
T1: $0.6445 (first bullish target).
T2: $0.7721 (second bullish target).
T3: $0.8837 (final bullish target).
Support Level:
Around $0.36, aligned with the trendline, which should hold to maintain the bullish outlook.
Pattern:
The blue harmonic pattern suggests a bounce from the retracement zone, projecting an upward move to the specified targets.
Outlook:
A bullish continuation is expected if the support zone holds, with defined upward targets. Breaking below support would invalidate the setup.