1️⃣ FigureOn the chart, there is a breakout from the symmetrical triangle 🔺 that formed since the end of July. The upward breakout occurred with a strong impulse, confirmed by the increase in volumes ( if we look at the volume indicator ).
2️⃣ Technical Indicators
MA 7 / 25 / 99 — short-term and medium-term moving averages are below the current price, indicating a bullish momentum.
Parabolic SAR 📈 — the points are located below the candles, confirming the upward trend.
Ichimoku - the price has confidently risen above the cloud ☁️, signaling a trend change to bullish.
Key levels: Support: $0.476 / $0.419
Resistance: $0.571 ( local high after breakout )
3️⃣ OutputThe current breakout may be the beginning of a larger movement 🚀. If we stabilize above $0.50–0.52, the target for the triangle pattern is approximately $0.60–0.62 in the near term. However, after such a sharp rise, a pullback to the $0.48–0.50 zone for a retest of the broken resistance is possible.
💡 Strategy:
Long on a pullback to the zone $0.48–0.50 with a target of $0.60+
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GateUser-2465f8f6
· 08-09 21:51
Wow, this is a very good write up, keep it up
Reply0
Himmatsingh
· 08-09 17:57
good morning good morning good morning good morning good morning good morning good morning good morning good morning good morning good morning good morning good morning good morning good
📊 HEI/USDT Analysis 4H
1️⃣ FigureOn the chart, there is a breakout from the symmetrical triangle 🔺 that formed since the end of July. The upward breakout occurred with a strong impulse, confirmed by the increase in volumes ( if we look at the volume indicator ).
2️⃣ Technical Indicators
MA 7 / 25 / 99 — short-term and medium-term moving averages are below the current price, indicating a bullish momentum.
Parabolic SAR 📈 — the points are located below the candles, confirming the upward trend.
Ichimoku - the price has confidently risen above the cloud ☁️, signaling a trend change to bullish.
Key levels:
Support: $0.476 / $0.419
Resistance: $0.571 ( local high after breakout )
3️⃣ OutputThe current breakout may be the beginning of a larger movement 🚀. If we stabilize above $0.50–0.52, the target for the triangle pattern is approximately $0.60–0.62 in the near term. However, after such a sharp rise, a pullback to the $0.48–0.50 zone for a retest of the broken resistance is possible.
💡 Strategy:
Long on a pullback to the zone $0.48–0.50 with a target of $0.60+
Stop — below $0.47