DOGEUSDT seems to be showing strength as it started trading above the 4h resistance 1 zone. This opens the path towards 4h resistance 2 zone, The price may follow L1, S2 and L3 path.
SHIBUSDT is showing strength after consolidating under the 4h resistance zone. Now the price is trading inside the resistance zone and is likely to head towards next resistance zone around 0.00001310. The price might follow the path L4, S5 and L6 as depicted in the chart.
Price hitting daily support zone. There should be a good bounce probably aiming for 4h resistance zone.
The price has now hit the weekly support. This is major support and we should have a good bounce from here. I expect at least a bounce to the nearest 4h resistance zone around 0.00001256 as a first step.
How about trying to aim for that 4h resistance 1 zone. We hit the daily support DS1 as mentioned in the previous post and also mentioned that there should be a bounce here as it has been a good support zone in the past and shall offer at least some this time as well. Lets follow L1, S2 and L3 path.
The price pierced through the confluence of monthly, weekly and daily support which was unexpected. Now it is at the next daily support. The price shall bounce from here and target the daily resistance 1 zone as the first target for that bounce move to upside.
CRVUSDT lost the 4h support and now is very likely heading towards the daily support zone DS1. The price has bounced from this zone several times. It shall bounce this time too. How big and how long, that would be a question we shall answer once we see the price hitting this daily support zone.
Let us take another shot on this one. The likelihood of the price being rejected from the previous support region is high. It may revisit the support region around 0.00001239 which is also indicated by the path price may take.
The price is consolidating inside the weekly support zone. I think the price has a higher probability to follow the path indicated in this post. The price is likely to hit first the small support zone marked by path S1 and then follow the path L2 also marked on the chart.
The price has almost hit the smaller time frame support just sitting above daily support. It might still go and touch that support. But after that the price shall very likely follow the path L5 as shown in the chart. This definitely will make a case for visiting the 0.00001276 level once again which was the target of the original post.
How about revisiting the daily support once again at least briefly and shying away only a bit from it.
The price hit the daily support. This should make the price move up at least to 0.00001276 level to the upside.
US500 broke down from the weekly support which was not expected in the previous post. But to me it still looks like a fake break down. It has also hit the downward trend line from the top. It seems it is going down a bit and head up right into the support region it has lost.
The price has hit the second 4h support area and is likely to break it. From the price action it seems that there is a high probability of price aiming towards the daily + weekly support area around 0.08100.
The price finally came to the daily support. The price bounced well from this support. Let us target first 13.0 level as shown in path L1. We then see how S2 and L3 goes after reevaluating it.
So the step L1 shown in the graph was achieved as explained in the previous post. From the price action characteristics, it appears that the price is not content with being held back by this current 4h resistance 1 zone. I expect a small pull back max to the level shown by S2 step and then move higher on the L3 path. But it is possible that this S2 step might be...
The price has closed above 4h resistance 2 zone. This shows some strength in the price action and this may lead the price to the next level up. The probability of the price to aim for 0.00001374 level is high.
This does not look good for CRVUSDT. The price has broken the 4H and daily support which now are marked as 4HR1 + DR1 resistance. The price is likely headed for next 4h support 4HS1 zone. I believe, a bit of bounce from this 4HS1 level, the price might break this support and head for the daily support DS1 level.