SasanSeifi 💁♂Weekly Price Analysis and Growth Expectations
Updated
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In the weekly time frame, as observed, after breaking out of the range, the price has managed to rise to the price range of $238. It is currently within the $230 price range. The expectation we can have in the weekly time frame is that, if it consolidates above the significant resistance range of $230, we might witness further growth toward the price range of $250 and the liquidity range of $260. In the case of growth, for a better understanding of the continuation of the price movement, we need to see how the price will react to the resistance zones.
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In the weekly time frame, as observed, after breaking out of the range, the price has managed to rise to the price range of $238. It is currently within the $230 price range. The expectation we can have in the weekly time frame is that, if it consolidates above the significant resistance range of $230, we might witness further growth toward the price range of $250 and the liquidity range of $260. In the case of growth, for a better understanding of the continuation of the price movement, we need to see how the price will react to the resistance zones.
🟢 Keep in mind, it's essential to perform your own analysis and take into account additional factors prior to making any trading choices. Best of luck! ✌️
❌ (DYOR) - Do Your Own Research...⚠️⚜️
Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!
If you found my analysis beneficial, I would be grateful for your support through likes and comments. Thank you! 🙌
Note
🔥💸💰🔹A 14% growth based on the latest analysis ✅
Note
"In the weekly timeframe, as observed, based on past analyses, the price, after breaking out of the range and overcoming the significant resistance at $230, faced buying demand and managed to grow towards the price range of $260. Analytically, the previous report remains valid. The price is currently moving towards the target of $277 / $300.The expectation in the weekly timeframe is that the price continues to grow toward the desired resistance levels in the medium term. In case of further growth, for a better understanding of the continuation of the trend, we need to see how the price reacts to the resistance levels. The important support range in the weekly timeframe is $234 / $230
Note
, as you can see, after a partial correction and maintaining the price range around $234, demand stepped in again, and now the price is trading at around $250. Analytically speaking, the previous report remains valid. The price is currently moving towards the targets of $277 and $300.In the mid-term perspective, we can expect the price to continue its growth towards the specified resistance zones. To better understand the continuation of the trend, we should observe how the price reacts to these resistance levels. The crucial support range in the weekly timeframe is $234 to $230.
Note
In the weekly timeframe, as mentioned in previous analyses, we expected the price to rise to the target levels of 277 and 300. As you can see, the price was able to rise to the first target level. Currently, after rising from the price level of 270, it has faced a negative reaction and is located at the important support level of 230. From a technical standpoint, the previous report is also valid.In the weekly timeframe, maintaining the specified support level is very important for the continuation of the symbol's trend. The scenario we can consider in the long-term timeframe is as follows: if the support level is maintained, after ranging and confirmation in lower timeframes, it will again be accompanied by positive fluctuations in the long-term timeframe. In addition, otherwise, if the price levels of 230-203 are broken and consolidated, there is a possibility of further correction.
Trade closed: target reached
🔥💸💰Due to the maintenance of the price range of 230, the price was able to grow 50% to the target of 300 dollars.
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