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On the weekly chart, the formation of a cup with handle pattern has been confirmed.
In particular, the resistance at $0.00002245 is very important, and whether it can break through here will determine the momentum of future upward movements.
However, the 38.2% Fibonacci is standing in the way.
This is also the recent highest price, and it can be seen that it functions as a psychological resistance.
First, we aim to break through the 38.2% Fibonacci level, and if we can surpass this, breaking through the 50% Fibonacci level should also be easily achievable.
Ultimately, it will lead to a scenario approaching the resistance at $0.00002245, near the 61.8% Fibonacci.
On the daily chart, a triangle wave pattern is forming, indicating that the price range is contracting and accumulating energy, suggesting a high possibility of a breakout.
It can be seen that the adjustment from the recent high (around point B) is supported near important Fibonacci levels (50% and 61.8%).
The "symmetrical triangle" formed over a large time frame is likely to have a significant price range if it breaks out.
The inflow of funds into CMF corroborates the reliability of the cup pattern and the wave triangle.
And Christmas is near.
It will depend on the capital inflow starting from mid-November.