Today we will deal with a coin which I have been watching for a while and in which I have taken a position. From a technical point of view this coin is in a very good position and there are nice gains possible in my opinion. We see that when the resistance level at 0.7669 was hit, the price dropped back to the support level at 0.3738 which was also a golden pocket retrace and where the price was well absorbed by the ema100. The daily has opened with a bullish candle and the other signals are also favorable so let's zoom in further to gather more details.

Daily chart: https://www.tradingview.com/x/g01zfx0L/

Here we can already spot an incipient upward compression by connecting d elows. It also forms an ascending triangle with a 70% chance of a breakout to the upside. The ema55 is crossing the ema100 bearish and the ema200 is providing some resistance on the candles. The rsi is also showing an emerging upward trend. The rsi is located above the ema but still below the 50 level.

4h chart: https://www.tradingview.com/x/ovNnVXIO/

Here we also see cautious signals for a trend reversal. The local highs in yellow have been broken but for a clear confirmation you want to see the highs of the ascending triangle being broken. The rsi is in a favorable position at this timeframe and is above the two benchmarks, the ema and the 50 level.

The last wave up measured with the fib we see a golden pocet on the lower green trend line which could become a perfect entry when there are clear reversal signals.

1h chart: https://www.tradingview.com/x/2jpL54zP/

Conclusion:
I am personally bullish on this coin where on the lower timeframes the best will be when the fib 0.618 on the daily can hopefully start to provide support. This also corresponds nicely with the golden pocket of the fibonacci on the 1h chart. If the price goes up, I expect resistance at 0.5922 before the price can move towards the supply zone around 0.7669. If this level doesn't hold, the price may drop to 0.3738 on the HTF to remain somewhat bullish. If the price goes through that as well, there is no stopping it, but then the price will drop below 30 cents and below the white trend lines, whereby the sentiment could turn bearish.