1. Technical picture:

1. Current price: $0.8474 (-16.66%)

2. Main levels of support and resistance (by horizontal volume):

o Support: $0.7423, $0.6789, $0.5953.

o Resistance: $1.055, $1.276, $1.764.

3. Volumes are down: The chart shows that volumes have dropped in key areas (between $0.7423 and $0.5953), indicating a possible bottom and accumulation of positions.

4. Contracting Wedge: The chart shows that price has broken out of a contracting wedge, which is often a signal that an uptrend is starting.

5. Important Fibonacci levels:

o 0.382 - $0.6789 (key support).

o 0.5 - $0.7423 (another important support level).

o 0.618 - $1.055 (key resistance).

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2. Possible scenarios:

A. Long scenario (main, probability 65%):

• Conditions for growth:

o Price consolidates above $1.055.

o Breakout of resistance $1.276 will activate growth to $1.764.

o Increase in volumes upon breaking through resistance.

• Goals for long:

o First target: $1.276 (key resistance level).

o Second target: $1.764 (beginning of strong resistance volume).

o Third target: $2.269 (global target in a favorable market).

• Stop Loss: Below $0.7423 (below key support).

B. Short scenario (minor, probability 35%):

• Conditions for falling:

o The price breaks the support $0.7423 and consolidates below.

o Falling volumes while trying to grow, which indicates weakness of buyers.

• Goals for short:

o First target: $0.6789 (Fibonacci support).

o Second target: $0.5953 (key support, start of purchases).

o Third target: $0.4600 (deep correction).

• Stop Loss: Above $1.055 (key resistance).

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3. Entry recommendations:

Long:

• Entry point 1: $0.7423–$0.8000 (upon confirmation of reversal).

• Entry point 2: $1.055 (when resistance is broken).

Shorts:

• Entry point 1: $1.055 (if price does not break resistance).

• Entry point 2: $0.7423 (if the price falls and volumes decrease).

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4. Conclusion:

The growth scenario looks more likely if the price consolidates above $1.055. The probable target is $1.276 with further movement to $1.764. However, if the price breaks through the support of $0.7423, the short scenario with targets of $0.6789–$0.5953 will become more likely. #ARB