Graphic Analysis


1. The Role of EMA 50:


• It is observed that the price is testing the EMA 50 level. Such levels usually work as dynamic support or resistance.


• If the EMA stays above 50, the uptrend may continue. If it falls below, the price may test lower supports.


2. Target and Prices:


• It is stated that in the current situation, the price may find support at the EMA 50 level and move upwards again.


• The first target could be the previous peak of 110,000 - 115,000 USD.


• If it is higher, the trend may be expected to strengthen with new price discovery.


3. Support and Resistance:


• Support Levels:


• EMA 50 (currently around $94,000).


• Further down, the 90,000 - 92,000 USD range forms a strong horizontal support area.


• Resistance Levels:


• 100,000 USD psychological resistance.


• The USD 110,000 and then USD 115,000 levels are the main resistance levels.


4. Indicators:


• EMA 50: Indicates that the trend is upward.


• Since indicators are missing, the status of oscillators such as RSI and MACD is unknown. However, the work of EMA 50 supports a strong upward trend.


5. Formations and Transformations:


• The current formation may be a “pullback” after the ascending channel or support test.


• If the price bounces back from EMA 50, it confirms that the uptrend is continuing.


6. Trend Direction:


• The general trend is upward and EMA 50 shows that this trend is healthy.


• However, it is observed that there is a correction process in the short term.



Strategy Proposal


1. Short Term Strategy:


• As long as the price remains above EMA 50, purchases can be considered.


• Stop-loss level can be set below EMA 50 (for example 93,500 USD).


• Initial target: 100,000 USD.


• Second target: 110,000 - 115,000 USD range.


2. Medium and Long Term Strategy:


• The current correction may provide an opportunity to increase the position.


• A drop below the 90,000 USD level may constitute a warning signal for long-term investors.


3. Risk Management:


• Excessive risk should be avoided by controlling position size.


• Attention should be paid to selling pressures that may occur at psychological levels (e.g. 100,000 USD).



Conclusion



The chart shows that the upward trend continues, but EMA 50 plays a critical role. If this level is maintained, target prices can be resistance levels above. However, closing below EMA 50 can be considered as a signal of transition to the risky area.