SPACE ID (ID)

Updated

SPACE ID is all in one domain manager for web3. It is a newly started project and there are not enough candles to see the big picture. Anyway, there is a downtrend channel in which price is descending. If this channel breaks upward, there is a possibility of an impulse wave. Let's see what happens.

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After ID broke the downtrend line, it came down a little further and retested the bottom. It seems a triangle pattern has formed. Let's hope ID breaks it upward.

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ID is still trying to break the triangle's downtrend line. Let's see if it can this time.

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Here are ID's possible targets. Please don't FOMO. After ID reaches each target, its behavior must be re-evaluated; does it have enough momentum to go further up?

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So, as it turned out, ID downtrend line was curved. And it seems ID broke this parabola-like line and started an upward wave.

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ID broke the first horizontal resistance area, and now the correction is unfolding in a triangle pattern.

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So, ID went up strong and broke both the minor inverted wedge and the major horizontal resistance area. And, now making a pullback; after that, upward continuation. Also, it is possible that ID might make a Cup and Handle pattern; if true, a significant rise is expected. Let's see what happens.

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So, ID went up very strong and with momentum, completing the Cup part. Now, ID is in correction phase, unfolding the Handle part. This might take a while, but after finished, ID will continue the upward movement. Usually, when a Cup and Handle pattern completed, price can go as high as the width of the Cup. Let's see what happens.

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Ready or not, here come the ID! Let's see what happens.

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It seems, a minor triangle pattern is forming. Let's see when ID break this triangle upward.

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So, ID's correction went down further, and the Handle part made a deep correction. Recently, ID broke the descending triangle correction pattern and is going up. Let's see what happens.

SaeedSalehinia

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