The HOME 4-hour chart shows price consolidating near the 0.01974 support level with two distinct scenarios emerging:
Bullish Path (Green Arrow):
Price breaks above resistance zones around 0.02200-0.02800
Target: 0.03632 resistance level
Supported by recent bounce from support
Bearish Path (Red Arrow):
Price breaks below current support at 0.01974
Target: 0.01400-0.01500 area
Confirmed by potential lower high formation
Key Levels:
Critical Support: 0.01974 (current price)
Resistance Zones: 0.02200, 0.02800 (pink boxes)
Breakout Target: 0.03632
Risk Assessment:
The RSI shows neutral momentum around 50, indicating indecision. A decisive break above 0.02000 favors the bullish scenario, while a close below 0.01900 supports the bearish outlook. This appears to be a critical inflection point requiring patience for confirmation.
Bullish Path (Green Arrow):
Price breaks above resistance zones around 0.02200-0.02800
Target: 0.03632 resistance level
Supported by recent bounce from support
Bearish Path (Red Arrow):
Price breaks below current support at 0.01974
Target: 0.01400-0.01500 area
Confirmed by potential lower high formation
Key Levels:
Critical Support: 0.01974 (current price)
Resistance Zones: 0.02200, 0.02800 (pink boxes)
Breakout Target: 0.03632
Risk Assessment:
The RSI shows neutral momentum around 50, indicating indecision. A decisive break above 0.02000 favors the bullish scenario, while a close below 0.01900 supports the bearish outlook. This appears to be a critical inflection point requiring patience for confirmation.
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
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.