The last bullish chance of SONIC in short term!This could be Sonic's last bullish chance. If Sonic cannot hold the critical support at 0.50, the price will drop below 0.47. However, if it successfully breaks the wedge, it could rise to 0.57.
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SONICUSDT
SONIC Update (2H)This analysis is an update of the analysis you see in the "Related publications" section
Since the previous analysis, it has dropped by over 21%.
There is limited data available for this symbol. Considering the time gaps, it seems the waves of this diametric are expanding.
Currently, it appears that we are in the middle of wave C.
We are still within the green zone of the previous analysis. It is better to shift the buy zone to the green area of this update.
For risk management, please don't forget stop loss and capital management
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SONIC update - What Shall we Expect !!!The price has now reached a critical point that can be decisive. If the wedge breaks, the price will rise to 70 cents. If this does not happen and the Fibonacci line 0.382 is lost, the price will fall to 40 cents.
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_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SONIC Analysis - What Shall we Expect !!!The price is within an ascending wedge and this can be a bullish signal for SONIC. However, we need to wait for this wedge to be broken and then wait for the price to rise. Currently, the price can be bearish because more funds have been injected into Bitcoin to allow Bitcoin to find more stability in the coming days.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SONIC buy/long setup (4H)In hourly timeframes, SONIC appears to be forming a diamond-shaped diametric pattern.
Each leg of this diametric lasts between 9 to 31 days, and each drop within the pattern ranges from 33% to 41%.
The E wave could potentially complete within the green zone, after which the F wave may move upward, resulting in a 30%–40% bounce.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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