SasanSeifi|Will 0.66800 - 0.66500 Support the Price Movement?

8. Okt.

Hey there, ✌ In the 4-hour timeframe, a downward trend is evident from the level of 0.69400. Currently, due to the breakdown of the significant support level at 0.68, the price has corrected to the liquidity zone of 0.67. If the momentum weakens in this price range and the level of 0.67 is maintained, we may witness a ranging trend with minor positive fluctuations. To better understand the continuation of the trend, attention should be given to the price's reaction at levels 0.67500, 0.67800, and 0.68.

Overall, our outlook leans more towards a decline and correction towards the target of 0.66800 and the demand zone at 0.66500. It is expected that the price will be able to correct to the desired support levels. Subsequently, if the price maintains the ranges between 0.66800 and 0.66500 and confirms it, we will enter a ranging phase with positive fluctuations. The potential trends are also illustrated in the image above.

⭕The important support levels are 0.66500–0.66.


💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊

15. Okt.

Trade ist aktiv

In the latest analysis, it was mentioned that if the momentum weakens in this price range and the 0.675 level holds, we might see minor positive fluctuations and a ranging trend. In the case of positive fluctuations, we need to observe how the price reacts to the levels of 0.67500, 0.67800, and 0.680.

🔹 As you can see, the price has entered a ranging phase, even oscillating slightly around the 0.67500 level mentioned in the last analysis.💢 From an analytical perspective, the previous report remains valid.

22. Okt.

Trade geschlossen: Ziel wurde erreicht

0.66500–0.66800✅✌

As you can see, the price followed the anticipated scenario and faced a pullback towards the demand zone. Currently, it has encountered some positive movements from the demand area and is trading around the 0.66800 level. If the price can break above the 0.67 level and establish a stable position, further growth towards the 0.67300, 0.67500, and 0.68 levels can be considered. Otherwise, if the price consolidates and loses the demand zone with confirmation, we may see a further correction in the price.