Graphic Analysis:


1. Target and Prices:


• The chart shows that it broke out from a long-term symmetrical triangle formation.


• The target level indicated on the chart, 4.6699, can be taken as the main target after an upward break. This means a potential increase of 547%.


2. Support and Resistance:


• Support Levels:


• The 1.00 level, which was psychological support and previous resistance, has now become a strong support area.


• The 0.60 level is marked as a significant bottom before the start of the uptrend.


• Resistance Levels:


• 1.50 may work as short-term resistance.


• The 2.50 and 3.50 levels stand out as other resistance areas.


3. Indicators:


• Volume: An increase in volume during the breakout indicates that the bullish move is confirmed.


• RSI: It may approach the overbought region, so caution should be exercised.


• Moving Averages: EMA (50) and EMA (200) may have crossed upwards, giving a golden crossover signal.


4. Formations and Formation Reversals:


• The long-term symmetrical triangle formation has been broken upwards. This generally indicates the continuation of the uptrend.


• After the breakout, the price seems to have confirmed the previous resistance zone (1.00) as support by testing it.


5. Trend Direction:


• The general trend is upward. Especially in the long term, an upward trend prevails.


• The trend is confirmed by higher lows and higher highs.


6. Strategy and Recommendation:


• Short Term Strategy:


• As long as the hold above 1.00 continues, movement towards the short-term targets of 1.50 and 2.50 can be expected.


• Long Term Strategy:


• The 4.6699 level can be taken as the target in the long term. However, it would be logical to make gradual profit purchases at intermediate resistance levels during this process.


• Stop Loss: Using stop-loss at daily closings below 0.90 is important for managing risk.



Comment:


This chart shows strong upside potential that should be followed carefully. However, there may be corrections after the price has risen too much, so it is important to follow both take profit and stop-loss levels closely. Continuation of volume-supported movements may indicate that the trend is healthy.