The weekly analysis shows the overall market structure is currently in a supportive zone. Daily and 4H timeframes pinpoint where bounces or sell-offs may occur in the near term. The 1H provides intraday supply/demand zones to watch.
Weekly Timeframe
- The price is currently in a support zone between $0.4669-0.4019. It is also at a Fib retracement level of 0.50 ($0.4500).
- Below this zone, stronger support lies at $0.2403-0.2200.
- Resistance levels to watch for reversal are $0.6852-0.6146 and above that $1.0545-0.9200.
- Demand zones that could see buyers stepping in are $0.4030-0.3693, $0.2986-0.2839, and $0.2466-0.2394.
- Potential areas for continuation or reversal are fair value gaps at $0.5136-0.4030, $0.3335-0.2986, and $0.2839-0.2644.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.4669 | 0.4019 |
Support Zone #2 | 0.2403 | 0.2200 |
Resistance Zone #1 | 0.6852 | 0.6146 |
Resistance Zone #2 | 1.0545 | 0.9200 |
Fibonacci Retracement Levels
0.382 | 0.5050 |
0.50 | 0.4500 |
0.618 | 0.3949 |
0.786 | 0.3183 |
0.882 | 0.2752 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.4030 | 0.3693 |
Demand Zone #2 | 0.2986 | 0.2839 |
Demand Zone #3 | 0.2466 | 0.2394 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.5136 | 0.4030 |
Bullish FVG #2 | 0.3335 | 0.2986 |
Bullish FVG #3 | 0.2839 | 0.2644 |
Daily Timeframe
- Price is currently supported at $0.5507-0.5382. Below this, support lies at $0.4281-0.3992.
- Resistance levels are $0.6791-0.6665.
- Fib retracements show the 50 level at $0.5953 and potential reversals at 0.618 ($0.5754) and 0.786 ($0.5468) levels.
- Demand zone where buyers may step in is $0.4599-0.4312.
- Potential continuation/reversal area is the FVG at $0.5106-0.4599.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.5507 | 0.5382 |
Support Zone #2 | 0.4281 | 0.3992 |
Resistance Zone #1 | 0.6791 | 0.6665 |
Fibonacci Retracement Levels
0.382 | 0.6151 |
0.50 | 0.5953 |
0.618 | 0.5754 |
0.786 | 0.5468 |
0.882 | 0.5307 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.4599 | 0.4312 |
Demand Zone #2 | 0.3829 | 0.3719 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.5106 | 0.4599 |
4 Hour Timeframe
- Current support is at $0.5601-0.5435.
- Resistance is seen at $0.6773-0.6513.
- Supply zone where sellers may step in is $0.6769-0.6404.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.5601 | 0.5435 |
Resistance Zone #1 | 0.6773 | 0.6513 |
Fibonacci Retracement Levels
0.382 | 0.6323 |
0.50 | 0.6185 |
0.618 | 0.6047 |
0.786 | 0.5850 |
0.882 | 0.5740 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.6769 | 0.6404 |
1 Hour Timeframe
- Fib retracements show potential reversals at 0.618 ($0.6399) and 0.786 ($0.6562) levels.
- Supply zones are $0.6258-0.6152 and $0.6532-0.6435.
- Potential continuation/reversal areas are the bearish FVGs at $0.6178-0.6133 and $0.6439-0.6387.
Fibonacci Retracement Levels
0.382 | 0.6171 |
0.50 | 0.6284 |
0.618 | 0.6399 |
0.786 | 0.6562 |
0.882 | 0.6655 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.6258 | 0.6152 |
Supply Zone #2 | 0.6532 | 0.6435 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 0.6178 | 0.6133 |
Bearish FVG #2 | 0.6439 | 0.6387 |