⚠️ The $HEMI coin targets the SUPPLY ZONE for a bounce within a bearish corrective wave
• Technical direction: a temporary impulsive upswing to test the red supply zone before experiencing a sell rejection and a bearish reversal toward the uptrend line
• Tracking zone: 0.01600 – 0.01550
🎯 Price corrective targets:
• Target 1: 0.01281
• Target 2: 0.01229
• Target 3: 0.01182
❌ Scenario cancellation: a 15-minute candle close above 0.01700
💡 Technical reasons: price is moving in a fast upwave toward the upper supply zone, in sync with the oscillator reaching the overbought area, and with a temporary increase in bullish momentum
Price is set to complete its fast rise and test the supply zone; then there will be a strong sell rejection and a gradual wave-like reversal toward meeting the lower targets, reaching the support point on the green uptrend line.
• Technical direction: a temporary impulsive upswing to test the red supply zone before experiencing a sell rejection and a bearish reversal toward the uptrend line
• Tracking zone: 0.01600 – 0.01550
🎯 Price corrective targets:
• Target 1: 0.01281
• Target 2: 0.01229
• Target 3: 0.01182
❌ Scenario cancellation: a 15-minute candle close above 0.01700
💡 Technical reasons: price is moving in a fast upwave toward the upper supply zone, in sync with the oscillator reaching the overbought area, and with a temporary increase in bullish momentum
Price is set to complete its fast rise and test the supply zone; then there will be a strong sell rejection and a gradual wave-like reversal toward meeting the lower targets, reaching the support point on the green uptrend line.
