Hyperlicid rally in a high-connection resistance area around $ 42.24. Does it hold or break the level, which will define the direction of the trend for the days and weeks.
Summary
- $ 42.24 is an important resistance area with many technical conferences.
- Failure to recover the level confirms the lower high and targets $ 32 of a slowdown.
- A breakout will invaluate the structure of the recession and restore the speed of rapid speed.
Hyperlic structure. $ 42.24 zone, earlier support, is now flipped into resistance and includes major technical conferences such as values are high, 0.618 fibonasi return, and all-TME high from VWAP SR. The reaction of this time will result in whether the bulls can retrieve speed or if the sellers will resume control.
Major technical points
- Major resistance: Price area high, 0.618 FIB, and $ 42.24 levels with VWAP SR Conflune.
- Recession breakdown target: $ 32 price area low and liquidity field.
- Market decision point: Receiving or rejecting this level will define the next trend phase.
Hyperlicid’s recent Rali directed it to a technical conference area at $ 42.24. This learning served as a strong support before being lost in the pre -disconnected. Now, the price is retracting it from the bottom, with an additional resistance provided by 0.618 Fibonacci retracement and the VWAP SR prepared from the all-tail of the asset asset asset.
This $ 42.24 creates a make-end-brake level. If the bulls can retrieve and close above this level, the structure of the recession will be invalid, and the hyperlicid may target high value areas. However, if this area fails to retrieve, it will confirm the recession of a recession, install a low high and open the door to the negative side.
In the case of an rejection, the price price area is expected to be reduced and 0.618 retracement of current MOT. This support area is located near $ 32, which also aligns with primary liquidity pool from pre -sessions. This can determine the platform for a Mot and a reversed bounce in the outdity of this isaaaaau, but it will also strengthen the recession attitude when supported.
Currently, the price has not reached a target of $ 32, and rejection has not been confirmed from $ 42.24. The next few daily concluding class will be. Catching above or below $ 42.24 will define wheat hyperlicid, which enters a deep improvement or gains strength for the future.
The resolve of this region will also prefer tone for trend continuity or reversal in the coming weeks. From here, a decisive breakout or breakdown will have long -lasting implications for the chart structure of hyperlicid.
What is expected in the upcoming price action
If the hyperlicid fails to reconstruct $ 42.24, there is a possibility of a rotation towards $ 32. If bulls manage to break and hold resistance, the speed may resume with continuity at a high level of new time.
