Major (USDT) – Gann Levels Analysis & Possible ScenariosHello dear traders,
you deserve an update to the previous chart here
Update:
The pair is currently trading around $0.1931, consolidating within a range-bound structure after a sharp downtrend. The price is hovering near the 540° Gann level ($0.1972) and 570° Gann level ($0.1532), forming a potential accumulation zone.
This setup suggests that the market is in a decision phase, awaiting a catalyst to either break out or continue the downward momentum. Let’s analyze the key Gann levels and what they indicate.
📈 Key Gann Levels & Their Implications:
🔹 Immediate Resistance:
540° – $0.1972: A critical level that price is currently testing. A breakout above it may confirm bullish momentum.
510° – $0.2468: If price reclaims this level, we could see a trend reversal toward higher targets.
🔹 Major Resistance Levels:
480° – $0.3020: A strong historical resistance zone, breaking above this may trigger a larger rally.
450° – $0.3624: Psychological resistance; clearing this level could confirm a medium-term uptrend.
🔹 Immediate Support:
570° – $0.1532: A crucial demand zone where buyers previously stepped in. Holding above it could prevent further decline.
600° – $0.1147: A break below $0.1532 may bring this level into focus.
🔹 Final Support Zone:
630° – $0.0818: This would be a major breakdown level if bearish momentum accelerates.
🚀 Potential Market Scenarios:
🟢 Bullish Case:
If price breaks and holds above $0.1972 (540° Gann level), it could trigger a move toward $0.2471 (510° level).
A confirmed breakout above $0.3020 (480° level) may accelerate a bullish trend towards $0.3624 and beyond.
This scenario would likely require increased buying volume and a broader market recovery.
🔴 Bearish Case:
Failure to hold $0.1972 could push price back to $0.1532 (570° Gann level), where buyers may attempt to stabilize.
A break below $0.1532 could lead to further downside towards $0.1147 (600° level).
If selling pressure persists, $0.0818 (630° level) would be a worst-case scenario, marking a deep decline.
⚠️ Key Takeaways:
📍 Price is stuck in consolidation, testing a critical decision level ($0.1972).
📍 Bulls need to reclaim $0.2468+ to confirm an uptrend.
📍 Bears will dominate if price loses $0.1532, risking further decline.
💬 What’s your outlook? Do you expect a breakout or another leg down? Drop your thoughts below! 🔥
#Crypto #USDT #GannAnalysis #Trading #TechnicalAnalysis 🚀
