📊 Technical Analysis Overview:
✅ Price Action & Candles:
The latest Heikin Ashi candle is a strong green, signaling early bullish momentum.
Current price is around $0.214, showing a clear bounce from the recent low at $0.175.
Potential double bottom pattern forming, which is typically bullish if confirmed.
📉 EMA (20/50/100/200):
Price is still below all major EMAs, especially the 100 and 200 EMA, indicating the long-term trend remains bearish.
However, the price is now testing the 20 and 50 EMA – breaking above them could confirm a short-term uptrend.
☁️ Ichimoku Cloud:
Price is still below the Kumo (cloud) – a bearish sign in the bigger picture.
The future cloud is flat and wide around $0.29, signaling strong resistance ahead.
A break above the cloud would be a strong bullish signal.
🔄 Fibonacci Retracement:
Bounce from 0% level ($0.175), aiming for 23.6% ($0.293) as the next resistance.
A bigger rally could reach 61.8% retracement at $0.484.
📉 RSI (Relative Strength Index):
RSI is currently around 39.28, rising from the oversold zone.
A break above 50 would confirm stronger bullish momentum.
📈 MACD (Moving Average Convergence Divergence):
A bullish crossover just happened: MACD line crossing above signal line.
Histogram is turning green – showing growing bullish momentum.
Previous bullish wave lasted 9 bars (~27 days), so a similar rally could be starting.
⏳ Time Cycles:
Chart shows 72-bar (~216 days) cycles, possibly suggesting a new bullish phase beginning now.
📌 Summary & Trade Plan:
Near-term Target Mid-term Target Strong Support
$0.24 - $0.29 $0.48 (Fib 61.8%) $0.175
If holding: Worth holding if price breaks above EMA 50 and approaches $0.24–$0.29.
If considering buying: Entry between $0.21–$0.22 could be a good swing trade setup.
Stop-loss: Below $0.175 (key support).
✅ Price Action & Candles:
The latest Heikin Ashi candle is a strong green, signaling early bullish momentum.
Current price is around $0.214, showing a clear bounce from the recent low at $0.175.
Potential double bottom pattern forming, which is typically bullish if confirmed.
📉 EMA (20/50/100/200):
Price is still below all major EMAs, especially the 100 and 200 EMA, indicating the long-term trend remains bearish.
However, the price is now testing the 20 and 50 EMA – breaking above them could confirm a short-term uptrend.
☁️ Ichimoku Cloud:
Price is still below the Kumo (cloud) – a bearish sign in the bigger picture.
The future cloud is flat and wide around $0.29, signaling strong resistance ahead.
A break above the cloud would be a strong bullish signal.
🔄 Fibonacci Retracement:
Bounce from 0% level ($0.175), aiming for 23.6% ($0.293) as the next resistance.
A bigger rally could reach 61.8% retracement at $0.484.
📉 RSI (Relative Strength Index):
RSI is currently around 39.28, rising from the oversold zone.
A break above 50 would confirm stronger bullish momentum.
📈 MACD (Moving Average Convergence Divergence):
A bullish crossover just happened: MACD line crossing above signal line.
Histogram is turning green – showing growing bullish momentum.
Previous bullish wave lasted 9 bars (~27 days), so a similar rally could be starting.
⏳ Time Cycles:
Chart shows 72-bar (~216 days) cycles, possibly suggesting a new bullish phase beginning now.
📌 Summary & Trade Plan:
Near-term Target Mid-term Target Strong Support
$0.24 - $0.29 $0.48 (Fib 61.8%) $0.175
If holding: Worth holding if price breaks above EMA 50 and approaches $0.24–$0.29.
If considering buying: Entry between $0.21–$0.22 could be a good swing trade setup.
Stop-loss: Below $0.175 (key support).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.