SPACE ID is all in one domain manager for web3. It is a newly started project and there are not enough candles to see the big picture. Anyway, there is a downtrend channel in which price is descending. If this channel breaks upward, there is a possibility of an impulse wave. Let's see what happens.
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After ID broke the downtrend line, it came down a little further and retested the bottom. It seems a triangle pattern has formed. Let's hope ID breaks it upward.
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ID is still trying to break the triangle's downtrend line. Let's see if it can this time.
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Here are ID's possible targets. Please don't FOMO. After ID reaches each target, its behavior must be re-evaluated; does it have enough momentum to go further up?
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So, as it turned out, ID downtrend line was curved. And it seems ID broke this parabola-like line and started an upward wave.
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ID broke the first horizontal resistance area, and now the correction is unfolding in a triangle pattern.
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So, ID went up strong and broke both the minor inverted wedge and the major horizontal resistance area. And, now making a pullback; after that, upward continuation. Also, it is possible that ID might make a Cup and Handle pattern; if true, a significant rise is expected. Let's see what happens.
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So, ID went up very strong and with momentum, completing the Cup part. Now, ID is in correction phase, unfolding the Handle part. This might take a while, but after finished, ID will continue the upward movement. Usually, when a Cup and Handle pattern completed, price can go as high as the width of the Cup. Let's see what happens.
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Ready or not, here come the ID! Let's see what happens.
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It seems, a minor triangle pattern is forming. Let's see when ID break this triangle upward.
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So, ID's correction went down further, and the Handle part made a deep correction. Recently, ID broke the descending triangle correction pattern and is going up. Let's see what happens.
Trade attivo
So, after ID broke the descending correction pattern, it was oscillating in a minor triangle pattern for a while. Now, ID broke this too, and is going up. Let's see what happens.
Nota
ID analysis can be viewed from another perspective; ID moving in an ascending channel. Let's see what happens.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.