Graphic Analysis



1. Target and Prices:


• The target levels determined on the chart are as follows:


• 0.039705 (initial resistance)


• 0.058320 (medium target)


• 0.089520 (long-term target).


• These levels have been determined as resistance areas that the price may test during a potential upward movement.



2. Support and Resistance:


• Support Regions:


• The current breakout level, 0.0128 - 0.0140, may act as a solid support range.


• Lower major support zone: 0.0095.


• Resistance Zones:


• The 0.0200 level may create psychological resistance during the upward movement of the price.


• Regions of 0.039 and above will work as resistance respectively.



3. Indicators:


• Indicators are not clearly shown on the chart, but overbought/oversold areas should be checked with oscillators such as RSI and MACD.


• The volume increase is noticeable; this may indicate that the breakout is valid.



4. Formations and Formation Reversals:


• A large Inverse Head and Shoulders (TOBO) pattern is clearly visible on the chart.


• This formation is generally a strong trend reversal signal and carries the potential for upward movement.


• The break above the neckline (0.0140 level) seems to have completed the formation and confirmed the upside targets.



5. Trend Direction:


• The trend is now clearly upward and appears to be at the beginning of an uptrend.


• Higher lows and highs continue to form.



6. Strategy:


• Acquisition Strategy:


• If the price continues to hold at current levels (0.016-0.018), buying can be done by taking advantage of the resistance reversal.


• Initial target: 0.039, medium term target: 0.058.


• Stop-Loss:


• Position can be closed if it falls below 0.0128.


• Target Oriented Selling:


• First profit realization can be made at the 0.039 level, and upper targets (0.058 and 0.089) can be reached with gradual sales.



7. General Comment:


• Inverse Head-and-Shoulders formation and volume increase support the rise.


• If the price rises above 0.0200 in the short term, it can be expected that the price will gain momentum and move towards the 0.039 level.


• Positions should be opened by paying attention to risk management. Correlation with macro trend and general market situation should be monitored.