WEN/USDT 1D
Exchange Kucoin, Bitget, Kraken, Htx, Mexc, Gate.io
Key Observations:*1. *Current Price: The current price is 0.0001446 USDT.
2. Fibonacci Retracement Levels:
- 0.236: 0.0001580 USDT
- 0.382: 0.0002181 USDT
- 0.618: 0.0002890 USDT
- 0.786: 0.0003467 USDT
- 1.0: 0.0004200 USDT
- 1.618: 0.0006320 USDT
- 2.618: 0.0009749 USDT
- 3.618: 0.0013178 USDT
- 4.236: 0.0015298 USDT
3. Price Targets:
- 0.0002098 (145.92%)
- 0.0013830 (960.36%)
4. Volume: The volume is 10.69 billion.
5. Trend Lines: Trend lines indicate potential price movements and support/resistance levels.
*Analysis:*The chart indicates a detailed technical analysis with Fibonacci retracement levels and price targets. Here's a breakdown:
1. Fibonacci Retracement: The retracement levels suggest potential areas where the price might find support or resistance. These levels can help identify possible entry and exit points for trades.
2. Price Targets: The targets at 0.0002098 USDT (145.92%) and 0.0013830 USDT (960.36%) indicate significant potential gains if the price reaches these levels.
3. Volume Analysis: High trading volume suggests strong market interest and can confirm the validity of price movements. It’s crucial to monitor volume spikes for potential breakouts.
4. Trend Analysis: The trend lines show the general direction of the price movement. If the price breaks above the identified resistance levels, it could indicate a bullish trend.
Potential Strategy:- Entry Point: Consider entering a trade near the current price of 0.0001446 USDT, especially if there’s a confirmation of upward momentum.
- Stop-Loss: Place a stop-loss below the recent low to manage risk.
- Profit Targets: Aim for the Fibonacci extension levels as potential profit targets, particularly 0.0002098 USDT and 0.0013830 USDT.
Key Observations:*1. *Current Price: The current price is 0.0001446 USDT.
2. Fibonacci Retracement Levels:
- 0.236: 0.0001580 USDT
- 0.382: 0.0002181 USDT
- 0.618: 0.0002890 USDT
- 0.786: 0.0003467 USDT
- 1.0: 0.0004200 USDT
- 1.618: 0.0006320 USDT
- 2.618: 0.0009749 USDT
- 3.618: 0.0013178 USDT
- 4.236: 0.0015298 USDT
3. Price Targets:
- 0.0002098 (145.92%)
- 0.0013830 (960.36%)
4. Volume: The volume is 10.69 billion.
5. Trend Lines: Trend lines indicate potential price movements and support/resistance levels.
*Analysis:*The chart indicates a detailed technical analysis with Fibonacci retracement levels and price targets. Here's a breakdown:
1. Fibonacci Retracement: The retracement levels suggest potential areas where the price might find support or resistance. These levels can help identify possible entry and exit points for trades.
2. Price Targets: The targets at 0.0002098 USDT (145.92%) and 0.0013830 USDT (960.36%) indicate significant potential gains if the price reaches these levels.
3. Volume Analysis: High trading volume suggests strong market interest and can confirm the validity of price movements. It’s crucial to monitor volume spikes for potential breakouts.
4. Trend Analysis: The trend lines show the general direction of the price movement. If the price breaks above the identified resistance levels, it could indicate a bullish trend.
Potential Strategy:- Entry Point: Consider entering a trade near the current price of 0.0001446 USDT, especially if there’s a confirmation of upward momentum.
- Stop-Loss: Place a stop-loss below the recent low to manage risk.
- Profit Targets: Aim for the Fibonacci extension levels as potential profit targets, particularly 0.0002098 USDT and 0.0013830 USDT.
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.