OBOL/USDT
Analysis Summary:
The chart shows a potential breakout from a horizontal consolidation range after a period of accumulation. A range breakout is highlighted, with a projected target based on the height of the range.
Key points:
Price is currently retesting the breakout zone, a common bullish confirmation.
Moving averages are converging, signaling a possible trend shift upward.
The measured move projection suggests a potential target around $0.28–$0.30.
TP: 0.30 USD
Conclusion:
Technical structure indicates a bullish continuation is likely, provided price holds above the key support zone at $0.135–$0.14. Retest and hold could confirm further upside momentum.
Analysis Summary:
The chart shows a potential breakout from a horizontal consolidation range after a period of accumulation. A range breakout is highlighted, with a projected target based on the height of the range.
Key points:
Price is currently retesting the breakout zone, a common bullish confirmation.
Moving averages are converging, signaling a possible trend shift upward.
The measured move projection suggests a potential target around $0.28–$0.30.
TP: 0.30 USD
Conclusion:
Technical structure indicates a bullish continuation is likely, provided price holds above the key support zone at $0.135–$0.14. Retest and hold could confirm further upside momentum.
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.
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.