Hello dear friends,
chart provides a clear grid of Gann levels plotted against price and time. Here's a detailed interpretation based on the chart provided....
---Overview---
The current price is at 0.3403 USDT, slightly above the 108° (0.4094 USDT) level but below 144° (0.4943 USDT), suggesting the price is within a bearish zone and struggling to break upward resistance.
Time and Price Intersection:
Vertical green grid lines indicate key time cycles where price action may align with Gann levels for a significant move.
The next major cycle aligns around mid-2025, signaling a potential trend change or acceleration.
Diagonal Lines:
The diagonal grid acts as trend guidance. If the price follows the upward diagonals, it reflects bullish momentum. Breaking downward diagonals suggests a bearish trend.
---Trading Insights---
A. Bullish Scenario:
If the price breaks above 0.4943 USDT (144°), it is likely to target 0.5877 USDT (180°).
Sustained buying pressure beyond 0.5877 USDT could push the price toward 0.6882 USDT (216°) and higher.
B. Bearish Scenario:
Failure to hold 0.3324 USDT (current support) could drive the price lower, targeting 0.2635 USDT (36°).
A break below 0.2635 USDT signals stronger bearish sentiment, potentially revisiting 0.2026 USDT (base level).
Practical Tricks for Using This Chart
Set Alerts on Key Levels:
Use TradingView alerts for price nearing levels like 180° (0.5877) or 144° (0.4943).
Combine Indicators:
Pair Gann levels with RSI or MACD to confirm reversals or trend continuations near key zones.
Monitor Time Cycles:
Watch for price movement near vertical green lines. Combine this with volume spikes to validate potential breakouts or breakdowns.
Use Diagonal Guidance:
Trade in the direction of the diagonal trendlines. For instance, if the price is above an upward diagonal, prioritize long positions.
Wish you best of luck Trading!