just an IDEA ( HIFI )
Updated
HIFI - 4H
Please read the 1D chart explanation first.
Bullish Scenario:
If the price breaks above the immediate resistance at 0.8310 and sustains above the 200 EMA, we could reach the 0.8943 level, which is the top of our triangle. A strong breakout can lead us to 1.30 later.
Bearish Scenario:
If the price fails to hold the ascending trendline and drops below the 0.7098 support, it is possible that we will see lower prices. However, we need to observe the reaction at this level first to make a decision.
A breakout in either direction could signal the next significant move. Traders should watch for a confirmed breakout with volume for clearer direction.
let me know what you think
Please read the 1D chart explanation first.
Bullish Scenario:
If the price breaks above the immediate resistance at 0.8310 and sustains above the 200 EMA, we could reach the 0.8943 level, which is the top of our triangle. A strong breakout can lead us to 1.30 later.
Bearish Scenario:
If the price fails to hold the ascending trendline and drops below the 0.7098 support, it is possible that we will see lower prices. However, we need to observe the reaction at this level first to make a decision.
A breakout in either direction could signal the next significant move. Traders should watch for a confirmed breakout with volume for clearer direction.
let me know what you think
Trade active
Bearish scenario activated. The trend line, which could support the price, was breached, reaching the target around 0.65, considered a support and possibly the downside of our range box. It's possible to see the price around 0.60.Trade active
As I mentioned in the last update, the target has almost been reached, and we had a reaction there.📣📣 For a better view, please read the last update on the 1D chart.
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