Analysis of JOE/USDT using the Gann Box tool on the 4-hour frame🚨
✅ General Trend:
Clearly bullish — the price has broken above the upper limit of the Gann zone, indicating strong buying momentum.
🔹 Key Technical Notes:
Level Rating
0.1900 ✅ Current resistance level being tested — a candle close above it is considered a continuation signal for the uptrend.
0.1800 - 0.1850 🔄 Consolidation and accumulation zone — the price spent time here, increasing its strength as a current support area.
0.1650 - 0.1700 🔻 Medium support within the middle of the box; it is preferable not to break it to maintain positivity.
0.1550 🔻 Final support before a negative shift – breaking it weakens the bullish momentum.
📈 Price Behavior Pattern:
The price moved sideways within the mid-Gann area and then broke upwards towards 0.1900.
It formed higher lows and overlapping lows → Accumulation pattern before a breakout.
Currently trading in the upper red zone (price extension area), indicating strength in momentum but requires caution from corrections.
🟢 Technical Expectation:
If Result
A 4-hour candle closes above 0.1900 ✅ Continuation up towards 0.2000 then 0.2150
Negative retracement and break of 0.1800 🔻 Possible correction towards 0.1700 - 0.1650
📌 Technical Recommendation:
As long as the price is above 0.1800, the trend is bullish.
Buying can be considered after a retest of 0.1850 - 0.1800.
Clear stop loss below 0.1700 or 0.1650 depending on the risk level.
