My friends and followers, I currently do not have a translator to provide you with accurate information, I cannot give you the analysis in Moroccan dialect because the technical trading terms are difficult to translate as they are, unlike in Modern Standard Arabic. This could lead to misunderstanding.
However, I can simplify the previous information in clear Arabic:
* Resistance (the level that could reverse the stock from): Currently, it is close to $0.0645. This means that when the price reaches this point, it may face difficulties in continuing to rise.
* Support (the level that helps the stock not to drop): Currently, it is close to $0.0600. This point means that when the price reaches it, it often tends to rise again.
These levels are like "boundaries" that the stock is currently moving within.
The large green candle: Indicates that buyers were very strong and pushed the price up significantly.
* The small candles we are following: indicates that the market took a "break", meaning buyers paused a bit, and sellers tried to enter but couldn't drop the price much. This shows that there is a temporary balance.
* Analysis with the overall market situation:
* When the whole market is dropping, and you see a currency doing this pattern, it indicates that this currency is stronger than the entire market. There is buying interest even though there is overall selling pressure.
* This could be a "positive signal" that the currency is capable of continuing its rise, but you need to be cautious.
* This rise could just be a "temporary recovery" before the currency drops again and follows the overall market.
* Summary:
This pattern indicates that there is relative strength in this currency, but you need to be cautious. To confirm, you should see whether it will break through the small candles above and continue to rise, or if it will drop and break them below.
Additional advice: Look at other indicators like "RSI" and "MACD" to know their direction, and follow the trading volume. If the volume is low, this indicates that sellers are weak, and this enhances the likelihood of continued rise.
