SYN/USDT | Daily Chart Analysis 📈
SYN price has gained strong upward momentum by breaking the long-term downtrend. On the daily chart, we saw an increase to the 0.8350 level, which also coincides with the Fibonacci 0.382 level. If this resistance zone is broken, the next target could be the 0.50 Fibonacci level at 1.0116.
However, if the price rejects from 0.8350, the 0.6165 support could be tested.
🔍 Technical Indicators:
Fibonacci Retracement: The price continues to hold above 0.236 (0.6165).
As long as it does not fall below this level, the bullish expectation can be maintained.
Volume: The increase in volume in recent movements shows that the rise is supported by strong momentum.
Resistance and Support Levels: 0.8350 should be followed as a strong resistance. In a possible pullback, 0.6165 support is important.
📊 Important Levels:
Support: 0.6165 (Fibo 0.236)
Resistance: 0.8350 (Fibo 0.382) and 1.0116 (Fibo 0.50)
You can determine your strategy by paying attention to these levels. Don't forget to follow and like for the continuation of our analysis! 👍
#Crypto#SYN#Binance#Fibonacci#TechnicalAnalysis#Altcoin #Trading
SYN price has gained strong upward momentum by breaking the long-term downtrend. On the daily chart, we saw an increase to the 0.8350 level, which also coincides with the Fibonacci 0.382 level. If this resistance zone is broken, the next target could be the 0.50 Fibonacci level at 1.0116.
However, if the price rejects from 0.8350, the 0.6165 support could be tested.
🔍 Technical Indicators:
Fibonacci Retracement: The price continues to hold above 0.236 (0.6165).
As long as it does not fall below this level, the bullish expectation can be maintained.
Volume: The increase in volume in recent movements shows that the rise is supported by strong momentum.
Resistance and Support Levels: 0.8350 should be followed as a strong resistance. In a possible pullback, 0.6165 support is important.
📊 Important Levels:
Support: 0.6165 (Fibo 0.236)
Resistance: 0.8350 (Fibo 0.382) and 1.0116 (Fibo 0.50)
You can determine your strategy by paying attention to these levels. Don't forget to follow and like for the continuation of our analysis! 👍
#Crypto#SYN#Binance#Fibonacci#TechnicalAnalysis#Altcoin #Trading