The sand box is formed dual, and eyes exceeded more than $ 0.42 star-news.press/wp

Sandbox is traded at a critical turning point, indicating signs of a possible reflection. If the main resistance levels collapsed, the price may accelerate towards a $ 0.60 area, driven by the formation of a classic classic bottom.

Sand (Sand) is currently forming a composition under the textbooks at the bottom of its long -term trading range. This upscale reflection pattern has the ability to determine the end of the previous declining direction and start a new upward trend characterized by the highest levels and highest levels.

PRICE regains the control point, which is the area with the highest trading level, and is now testing the next main resistance level at $ 0.42. Clean interruption and retaining this level can lead to an accelerated move towards the REERERERDING level 0.618 Fibonacci, currently located about $ 0.60. This would indicate a major shift in the market structure and open the door for more bullish direction.

Main technical points:

• Double lower composition: The classic upcoming upper reflection pattern is formed near the support of the high time frame at $ 0.22
• Recovering the point of control: A strong size knot now works as support after closing a multiple candle above
• The following resistance at $ 0.42: The collapse and the contract above this level may lead to a rapid move about $ 0.60

Sandbox prices turned into a more rough tone after restoring the control point, which is located in the middle of the last trading range. This level, which represents the highest concentration of trading size, is now working as strong support. A multiple candle indicates the control point that indicates the increasing condemnation of the buyer and the potential momentum to achieve other gains.

The structure, which is formed at the current levels, is like a dual bottom, and is often seen in the upper chart style at the end of the declining direction. If this configuration is fully turned on, this will nullify the previous declining structure and enhance the shift to the continued climb. However, the confirmation of the penetration will come as soon as the sand box is convincingly restored from the level of resistance of $ 0.42.

Top 0.42 dollars, the price faces a minimal immediate resistance. Moving to a $ 0.60, where the level of 0.618 Vibonacci can follow with a high value of value, rapidly if the momentum continues. This field is expected to serve as a mission resistance if buyers maintain control.

The size is still a decisive confirmation factor. The size of the continuous or increasing purchase is necessary to verify the health of this structure and ensure that the momentum is carried through resistance levels. Without this, this step risks fading or stopping in the next barrier.

What do you expect

As long as the sand box carries over the control point and continues to print the lowest levels, the lower upward upward formation remains valid. Restoring of $ 0.42 will open the door for a quick expansion of about $ 0.60, with the support of the strong market structure and the minimum resistance in that region.