Long

Alikze => IOTX | Pullback to broken supply area

Updated

In the previous post, it was mentioned about the movement of the currency in the weekly time. In this post, it is moving in a medium-term ascending channel in daily time. After the high strength failure of the supply area, pullback to the broken structure is currently being completed. Therefore, it is expected that this pool will be completed in the green box area, and in the first phase, it will be supplied to the next area, and after its failure, it will be able to grow to the next area. If the behavior and structure of the post changes, it will be updated.
🟩Sup: 0.04880
⛳️Tp 1:0.07940 ~ 0.08550
⛳️ Tp2 : 0.14045 ~ 0.15067
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Note

According to the presented analysis, it has continued to grow after the correction in the green box area to the red box area, which has experienced more than 80% growth in 7 days.
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Note

After a more than 85% growth from the green box range and touching the first supply range with a 30% correction, it is currently trying to break for the next supply area target.

Note

After re-testing the supply range several times and not being able to break it, a correction has been made which can continue the correction until at least the golden zone area.

Note

According to the reversal structure, it can touch the first target of 0.6104 and if it breaks and stabilizes above it to fill the FVG gap, it will touch the range of 0.07324 and then the next supply area. If the behavior and structure of the post changes, it will be updated.

Note

Touched the first target from the green box area with more than 23% growth.

Note

After touching the first target, it has faced selling pressure. Currently, in the midline of the ascending channel in the 4h time frame, there can be a correction to the bottom of the channel. If it encounters demand in the midline of the channel, it can retest the channel ceiling and resistance zone.

Note

According to the movement path, in the middle of the channel after confirmation of the reversal of the candlestick, it faced demand and retested the previous target range and the ceiling area of the channel.

alikze

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