We're currently observing intriguing patterns in CyberUSDT's price movements, specifically what appears to be an ending diagonal wave formation with an extended wave pattern.
As of our recent observations, the immediate resistance zone shown on the chart, stands out as a formidable barrier for CyberUSDT. Its persistent presence has acted as a ceiling for the coin's upside aspirations.
If the aforementioned resistance holds its ground, our charts indicate a potential price drop towards the immediate support level. At this pivotal juncture, the price could take one of two paths:
a. Breakdown Scenario: Should the support crumble under pressure, CyberUSDT could accelerate its descent to reach our projected 'ending diagonal target'.
b. Bullish Turnaround: Conversely, if the price resists the bearish pull at this support level, we might witness an upward swing. This bullish momentum has the potential to not only test but break past previous highs, with an optimistic target of $20.
To everyone finding value in this analysis, your likes and feedback are much appreciated! It motivates us to keep sharing our insights with this wonderful community.
Thank you.
As of our recent observations, the immediate resistance zone shown on the chart, stands out as a formidable barrier for CyberUSDT. Its persistent presence has acted as a ceiling for the coin's upside aspirations.
If the aforementioned resistance holds its ground, our charts indicate a potential price drop towards the immediate support level. At this pivotal juncture, the price could take one of two paths:
a. Breakdown Scenario: Should the support crumble under pressure, CyberUSDT could accelerate its descent to reach our projected 'ending diagonal target'.
b. Bullish Turnaround: Conversely, if the price resists the bearish pull at this support level, we might witness an upward swing. This bullish momentum has the potential to not only test but break past previous highs, with an optimistic target of $20.
To everyone finding value in this analysis, your likes and feedback are much appreciated! It motivates us to keep sharing our insights with this wonderful community.
Thank you.
Trade active
Finally getting the heat on the drop, let see how this developTrade closed: target reached
Important support level reached.Note
Our target setup has been successfully reached.From this point, we anticipate a possible pullback, followed by a potential further decline to finalize the correction. Thank you for staying updated with our setups.
Trade closed: target reached
Demand zone reached. I close this analysis here.Trade active
Trade active
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.