lmm014
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Joined Nov 12, 2021
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chartpattern
trendanalysis
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trendanalysis
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This is a price prediction on the hourly chart using Wyckoff.
1
The price has broken trendline but it doesn't have a lot of volume. So it could reverse. Also there is a strong support level at 1.1 USD. So I think the price will initially move through a micro channel and then reverse towards that level. That could happen on the 1st week of April. If this level is not broken, then the price could bounce back to 1.215 and if...
2
It seems that we are in an accumulation/distribution region as seen in the Weekly trends. There is a strong support close to the POC which is near the middle of that channel. I think that long term the price will go to the top of the range but short term will revisit the POC.
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