Long

SasanSeifi 💁‍♂Weekly Price Analysis and Growth Potential

Updated

Hey there! In the weekly timeframe, as you can see, the price, after a period of consolidation and volume accumulation, has managed to grow to the 0.61 price range while maintaining the 0.50 price range. It is currently trading within the 0.61 price range. The expectation we can consider in the weekly timeframe is that in the medium term, the price may have the potential to rise to the price range of 0.70 / 0.75. The important support ranges are at 0.50 / 0.46.

🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉

❌ (DYOR)

⭕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 this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌

Note

Recently, the price has grown by around 20%, reaching almost 0.70, which is our initial target, based on the scenario we discussed in the last analysis. The analytical perspective from the previous report still holds, and there's a potential for further growth towards the price range of 0.80/0.93 in the medium term. 📈✨

Note

Hey there!✌ In the weekly timeframe, based on our past analyses, we expected the price to grow to the target range of 0.70/0.75. As you can see, the price faced demand at the 0.61 range and managed to grow approximately 20% to the target of 0.70 and the price range of 0.75. In the last analysis, we discussed a scenario where the price, after consolidating, could further grow to the price range of 0.83/0.85 in the medium term.

Currently, the price has experienced a correction from the resistance range of 0.75 and is now situated in the price range of 0.59. From an analytical perspective, the previous report remains valid. In the weekly timeframe, we might expect the price to undergo consolidation and pullback, maintaining the price range of 0.54/0.52, and then, with confirmation in lower timeframes, grow towards the supply zone of 0.83/0.85.

For a better understanding of the continuation of the price movement, we need to observe how the price reacts to the specified support ranges. Additionally, if the price breaks below the designated support range and consolidates, further correction could be considered.

SasanSeifi

Follow Your Own Trading Plan!

😍 Join our free Telegram Channel for more analysis

💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.