Current situation:
• Current price: $5.409
• Ichimoku Cloud: $5,649 (upper border), $5,151 (lower border).
• MOTHER:
o 20-day: $5.223
o 50-day: $4.629
• SAR: $7.406 (high), $7.354 (low).
• OBV: $67.31
• RSI: 53.44 (moderately upward movement).
Key information:
• The price has broken through a massive accumulation zone with boundaries:
o Upper Limit: $5.259
o Lower Limit: $2.918
• Current structure: breakdown of structure into long.
• The price has approached the upper boundary of the accumulation zone and is testing it.
• There is a descending triangular formation marked in yellow.
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Fibonacci levels (main points):
Resistances:
• −1: $10.255
• −0.62: $8.934
• −0.27: $7.717
• 0: $6.778
Supports:
• 0.5: $5.040
• 0.62: $4.622
• 0.705: $4.327
• 0.79: $4.031
• 1: $3.301
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Horizontal volume profiles:
• Blue and yellow backgrounds on the price scale indicate important liquidity zones.
o The $5.259–$5.409 zone is a strong support.
o The $6.778–$7.717 zone is the key resistance.
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Scenarios for the development of events:
Long scenario (65% probability):
Conditions:
1. The price holds the level of $5.259 (the upper border of the accumulation zone).
2. RSI moves above 55 with increasing volumes.
Entry points:
1. $5.259–$5.409: entry on a rebound from support.
2. $4.622–$4.327: entry at deep correction.
Goals:
1. $6,778 (Fibonacci level 0).
2. $7,717 (level -0.27).
3. $8.934 (level -0.62).
Stop Loss: Below $4.622.
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Short scenario (35% probability):
Conditions:
1. Price breaks $5.259 downwards and consolidates below.
2. RSI falls below 50 with increasing selling volume.
Entry points:
1. $5.259–$5.409: entry on retest of broken support.
2. $6,778: entry from resistance.
Goals:
1. $4.622 (level 0.62).
2. $4.031 (level 0.79).
3. $3,301 (Level 1).
Stop Loss: Above $5.409.
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Conclusion:
• The probability of a long scenario is higher (65%), since the price has already broken through the accumulation zone upwards and is testing it with the potential for continued growth.
• Main target in case of long: $7,717–$8,934.
• Short positions are possible only if the $5.259 zone is broken downwards. #zro