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Current situation
• Price: $0.006243 (at the time of analysis).
• Trend: Global downtrend.
• Formation: Symmetrical triangle (consolidation phase).
• Volumes: Low volumes, indicating weak activity among market participants.
• EMA:
o EMA 20: $0.006498 (nearest resistance).
o EMA 50: $0.006993 (mid-term resistance).
o EMA 100: $0.007630 (key resistance).
o EMA 200: $0.009937 (long-term resistance).
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Key levels
Support:
• $0.006000 — lower boundary of the triangle.
• $0.005622 — local support.
• $0.004583 — important long-term support (demand level).
Resistance:
• $0.006673 — nearest local resistance.
• $0.007698 — key level for exiting the consolidation zone.
• $0.009580 — long-term resistance, a breakout of which may signal a trend change.
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Potential scenarios
1. Scenario of growth (35% probability)
• Condition for implementation:
o Break of the upper boundary of the triangle ($0.006673).
o Increase in purchase volumes.
• Growth targets:
o $0.007698 — nearest resistance level.
o $0.009580 — long-term level.
o $0.010500 — area for profit taking.
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2. Scenario of decline (65% probability)
• Condition for implementation:
o Break of the lower boundary of the triangle ($0.006000).
o Increase in sales volumes.
• Targets for decline:
o $0.005622 — nearest support.
o $0.004583 — key level, a breakout of which may accelerate the decline.
o $0.004000 — extreme target in case of further pressure.
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Probabilities of movement
• Growth: 35%.
• Decrease: 65%.
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Recommendations
For LONG positions:
• Entry: Break of $0.006673 with consolidation.
• Targets: $0.007698, $0.009580.
• Stop-loss: Below $0.006000.
For SHORT positions:
• Entry: Break of $0.006000 with confirmation.
• Targets: $0.005622, $0.004583.
• Stop-loss: Above $0.006673.
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Conclusion
The current consolidation #NOT /USDT within the symmetrical triangle confirms uncertainty in the market. The priority scenario is a decline, considering the dominant downward trend and weak buying volumes. However, a breakout of resistance may lead to short-term growth.#NOT
