Alikze »» YGG | Pullback to broken structure

30 juin

🔍 Technical analysis: Pullback to broken structure

- According to the previous analysis presented in the 12H time frame, after reacting to the PRZ zones, it faced selling pressure, which finally continued to the specified zone of 0.58 correction.

- Currently, it has infiltrated the sub-region in the 12H time frame.

- Therefore, if this return continues up to the supply range and the middle of the descending channel and then faces selling pressure, the downward trend can continue up to the range of 0.39.

💎 Alternative scenario: if this reversal breaks the supply zone with strength and meets demand in the middle of the channel, the first target near that range will be 0.78, and if the zone is maintained, it can move up to the channel ceiling and the specified supply range.

🛑 Resistance range: 0.5859 - 0.6836

🟩 Support range: 0.3906

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5 juil.

Note

According to the predicted movement path, pullback to the broken structure has been completed and the bearish target has been touched, which has been corrected by more than 39% so far.