$AUCTIONUSDT ready to pump after putting a bullish divergence
AUCTIONUSDT has been very bearish for weeks following a massive drop. It did put a double bottom and a bullish divergence, which are signs of market reversal i.e. a shift from bearish trend to bullish move. It broke the resistance zone which also serves as the neckline for the double bottom/bullish divergence formed. A retest of this resistance zone now turned to a support zone, gives a bullish setup as AUCTIONUSDT tends to continue its new found bullish move.Be on the look out and expect minor retracements while at it, as there are some support and resistance zones it can bounce off from. These zones are already marked out in the setup.
Expected Targets:
TP1: $17
TP2: $20
TP3: $24
TP4: $28
Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
https://www.tradingview.com/x/bpEee2IM/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.