Unlocking Gann’s Magic: Key Levels and Scenarios on FIDA/USDT
Hi Traders! 👋
Let me walk you through an exciting analysis using Gann levels on the FIDA/USDT daily chart. If you’re not familiar with Gann, it’s a method that combines price and time to identify critical turning points. This chart is built on Gann’s geometric principles, plotting angles and levels to forecast potential moves.
Let’s dive into the bullish and bearish scenarios based on this chart. 🧐
Bullish Scenario:
Key Support: The price must hold above the current level of $0.2339.
Next Bullish Target Levels:
$0.252506 (630°): This is the immediate resistance. If the price breaks this level, momentum can push higher.
$0.304766 (540°): A critical target where the price may face strong selling pressure.
$0.362471 (450°): A breakout beyond this could trigger further upside, signaling a continuation of the bullish trend.
$0.425177 (360°): A significant level, marking a potential top in the short term.
If the price successfully closes above $0.425177, the next targets could align with $0.492883 (270°) and $0.565588 (180°).
Bearish Scenario:
Immediate Resistance: The current price is near $0.2339, and any failure to sustain above this level could signal weakness.
Bearish Targets:
$0.204354 (720°): If the price dips below this level, it suggests increasing bearish pressure.
$0.161649 (810°): This is a strong support zone where bulls may try to defend.
$0.123943 (900°): A break below this would confirm a deeper bearish trend.
$0.091238 (990°): A significant support level to watch out for.
$0.063532 (1080°): The ultimate bearish target in case of a prolonged downtrend.
Key Notes for Interpretation:
These Gann levels act as potential support and resistance zones, which may guide the price movements.
In a bullish trend, the price should respect higher Gann angles and consistently break resistance levels.
In a bearish trend, breaking below support levels could lead to further downside, aligning with the Gann methodology.
Wish you best of luck trading.
Let me walk you through an exciting analysis using Gann levels on the FIDA/USDT daily chart. If you’re not familiar with Gann, it’s a method that combines price and time to identify critical turning points. This chart is built on Gann’s geometric principles, plotting angles and levels to forecast potential moves.
Let’s dive into the bullish and bearish scenarios based on this chart. 🧐
Bullish Scenario:
Key Support: The price must hold above the current level of $0.2339.
Next Bullish Target Levels:
$0.252506 (630°): This is the immediate resistance. If the price breaks this level, momentum can push higher.
$0.304766 (540°): A critical target where the price may face strong selling pressure.
$0.362471 (450°): A breakout beyond this could trigger further upside, signaling a continuation of the bullish trend.
$0.425177 (360°): A significant level, marking a potential top in the short term.
If the price successfully closes above $0.425177, the next targets could align with $0.492883 (270°) and $0.565588 (180°).
Bearish Scenario:
Immediate Resistance: The current price is near $0.2339, and any failure to sustain above this level could signal weakness.
Bearish Targets:
$0.204354 (720°): If the price dips below this level, it suggests increasing bearish pressure.
$0.161649 (810°): This is a strong support zone where bulls may try to defend.
$0.123943 (900°): A break below this would confirm a deeper bearish trend.
$0.091238 (990°): A significant support level to watch out for.
$0.063532 (1080°): The ultimate bearish target in case of a prolonged downtrend.
Key Notes for Interpretation:
These Gann levels act as potential support and resistance zones, which may guide the price movements.
In a bullish trend, the price should respect higher Gann angles and consistently break resistance levels.
In a bearish trend, breaking below support levels could lead to further downside, aligning with the Gann methodology.
Wish you best of luck trading.
Note
Always Zoom the Chart to Recent Price Area:
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
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