MOOD/USDT Analysis Using Gann Techniques

This chart analyzes the MOOD/USDT perpetual contract, leveraging Gann's techniques to uncover key price and time levels. The framework focuses on price dynamics, support/resistance zones, and the timing of potential pivots.
Heading towards that 360 Level = 0.99
Gann Levels:

Current Price: MOOD/USDT is trading at $0.55984, just below the 225° level (~$0.576166), which serves as a key resistance.
Supports: The next major support is located at the 180° level (~$0.462399). This level has historically provided price stability.
Upper Resistance: A breakout above $0.576166 could target the 270° level (~$0.702434) in the short term.
Time Cycles:

Vertical green and purple lines highlight potential time pivots. These moments are crucial for observing trend reversals or accelerations in price movements.
The upcoming pivot, marked on December 4, 2024, suggests a possible change in market sentiment or price direction.
Price Action:

The price recently experienced a strong upward move but faced resistance at 225° ($0.576166). This aligns with previous Gann levels, indicating the relevance of this framework.
A failure to sustain above the 225° level could lead to a retest of lower supports like 180° ($0.462399) or even 135° ($0.361132).
Gann Grid and Angles:

The grid structure aligns price and time, offering a balance between the two. Recent movements respect these levels, indicating that MOOD/USDT is following a predictable path in accordance with Gann's principles.