Analysis



Chart Review:


The chart is analyzed on the 4-hour (4H) time frame and the price seems to be moving within a bullish triangle formation. The upper resistance zone (orange area) is clearly defined and the support level is supported by an ascending trend line.



Target and Prices



• Target: According to the marking on the chart, the target is around 0.90 - 1.00 USD.


• Support Level: There is strong support between 0.40 - 0.45 USD. If this area is broken, the decline may deepen.


• Resistance Level: The 0.50 USD level is the main resistance point that the price has difficulty breaking upwards.



Indicators



• Moving Averages (MA): Medium-term moving averages can act as support. This can give a positive signal when combined with an ascending trend line.


• RSI: If it is approaching the overbought zone, caution should be exercised. If it is in the neutral or overbought zone, the rise may continue.


• Volume: An increase in volume can increase the reliability of an upside breakout.



Formations and Transformations



• Bullish Triangle: If the formation breaks upwards, the price is likely to go to target levels.


• Breakout Expectation: If a close is made above the resistance, there is a possibility of starting a strong uptrend.



Trend Direction



• Currently, the upward trend continues.


• However, the price may move sideways until it closes above the resistance.



Strategic



1. Positive Scenario:


• If the price breaks the resistance above 0.50 USD, buy positions can be entered.


• First target: 0.70 USD


• Second target: 1.00 USD


2. Negative Scenario:


• If the price falls below the rising trend line, selling pressure may increase. In this case, the 0.40 USD support may be tested.


• If support levels are broken, it is important to use stop-loss.


3. Volume Tracking:


• Attention should be paid to high volume in the resistance breakout. A breakout with weak volume can be deceptive.



Conclusion



This chart has a short-term upside potential. However, resistance breakout should be waited for purchase and support levels should be followed carefully. Stop-loss levels should be determined in a planned manner and transactions should be made.