SasanSeifi 💁‍♂Daily Price Analysis and Possible Scenarios

3 нояб. 2023 г.

Hey there! In the daily time frame, as you can see, the price isn't showing any significant movement at the moment and is trading within the $11 price range, forming a range-bound pattern. The scenario we can consider in the daily time frame is as follows: after confirmation if the price falls into a range, it might experience a minor correction down to the $9.50 and $9 price range. Following a rebound from the liquidity zones, while keeping the support levels intact, we might witness renewed price growth. In case of a correction, for a better understanding of the continuation of the price trend, it's important to observe how the price reacts to the support levels.

Moreover, another scenario to consider is that if, after the consolidation, it manages to break above the $12 resistance range and consolidates, there might be potential for further growth towards the $14 price range.

🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉

❌ (DYOR)

⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!

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