The price hit the daily support. This should make the price move up at least to 0.00001276 level to the upside.
Note
On 1h timeframe granularity the candles and path depicted does not correlate very much for visual purposes. So here I have created a 15m timeframe version of the same idea with a bit more descriptive path the price action might take.Note
So we achieved the first target we set in this post. The path indicated on this low time frame (15m) was almost followed and the price hit the target area and also spiked to the first resistance zone 4h resistance 1. Price is pushed back down from that resistance zone. Let us reevaluate the price action in a new post in order to understand the probability of its direction and momentum.
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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.