Graphic Analysis:
1. Target and Prices:
• The chart shows an uptrend starting from the 0.04 level.
• The blue target box above points to the 0.077 level, which means the current price has a 385% upside potential.
2. Support and Resistance:
• Support Regions:
• 0.02 level (marked with orange line).
• This zone will act as a strong support to maintain the medium-term rise.
• Resistance Zones:
• The 0.04 level (indicated by the green line) is a significant resistance.
• Closing above this area may cause the price to move to higher targets.
3. Indicators:
• Volatility is high, candlesticks show strong buyers dominance.
• If momentum oscillators such as the RSI are analyzed, it can be assumed that the current trend is close to the overbought region.
4. Formations:
• Falling Wedge Pattern: The price has broken out of the falling wedge structure upwards. This pattern usually indicates the continuation of the uptrend.
• Horizontal Support: The previous resistance area (0.02 level) is now acting as support.
5. Trend Direction:
• The upward trend seems dominant in the medium and long term.
• After the formation breakout, targets are upwards.
6. Strategy and Recommendation:
• Acquisition Strategy:
• If the price closes above 0.04, higher targets can be expected.
• First target: 0.06, Second target: 0.077.
• Stop-Loss:
• Stop-loss can be placed below the 0.02 level.
• Snow Purchase Regions:
• The first profit taking zone can be evaluated at 0.05, then at 0.06.
7. Clear and Detailed Comment:
• Technical analysis indicates that the current upward movements will continue.
• However, market volatility should be taken into consideration and volume-supported breakouts should be monitored.
• Care should be taken in risk management and transactions should be made according to the determined support-resistance levels.
