$SYN Bullish Prediction! Weekly chart
Greetings to all traders,
I would like to bring to your attention a potentially lucrative bullish opportunity that has emerged in the market. The initial psychological resistance level is situated around the $1 mark (0.618 Fib), while a more substantial weekly and daily resistance zone can be found between $0.55 and $0.58 (0.216 Fib). Notably, the weekly volume candle recently reached an unprecedented high, which strongly suggests the potential for further upward momentum. This observation further reinforces the notion that the recent price action is not a deceptive "fake-out" candle.
Furthermore, the $1.46 zone (1 Fib) presents an intriguing target. Should a general bullish impulse or bullish bull wave materialize, we may witness price action extending beyond this level.
I hope this analysis provides valuable insights for your trading endeavors.
I would like to bring to your attention a potentially lucrative bullish opportunity that has emerged in the market. The initial psychological resistance level is situated around the $1 mark (0.618 Fib), while a more substantial weekly and daily resistance zone can be found between $0.55 and $0.58 (0.216 Fib). Notably, the weekly volume candle recently reached an unprecedented high, which strongly suggests the potential for further upward momentum. This observation further reinforces the notion that the recent price action is not a deceptive "fake-out" candle.
Furthermore, the $1.46 zone (1 Fib) presents an intriguing target. Should a general bullish impulse or bullish bull wave materialize, we may witness price action extending beyond this level.
I hope this analysis provides valuable insights for your trading endeavors.
บันทึก
Bollinger bands narrowed down and price action above the blue line. Do you see the resemblance??
บันทึก
Price reached the psychological level $1 .If price action is able to stay above, we may experience another x2 from this levels in the future!
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