TECHNICAL ANALYSIS: 🎯
Pattern Structure:
- Price: $0.4667 (-2.24%)
- Timeframe: Weekly (1W)
- Clear triple bottom formation (2022-2024)
- Strong horizontal support: $0.42
Major Price Targets:
TP1: $1.2867 (344.08% potential)
TP2: $2.3459 (501.44% potential)
Technical Insights:
- Triple bottom pattern confirmed with three tests of $0.42 support
- Multiple touches of resistance at $0.90-1.00 zone
- Clear bullish divergence on weekly timeframe
- Moving averages showing potential golden cross setup
THIS 1H CHART VIEW
Key Levels:
▪️ Major Support: $0.42 (Must Hold)
▪️ Immediate Resistance: $0.90
▪️ Breakout Level: $1.00
Risk Management:
- Entry Zone: $0.45-0.48
- Stop Loss: Below $0.40 (Weekly close)
- Risk:Reward ratio
• To TP1: 1:15
• To TP2: 1:25
Timeframe: Weekly
Bias: Strong Bullish on Break
Pattern: Triple Bottom / Accumulation
Note: Such high targets require patience and proper position sizing. This is a long-term setup. Not financial advice.
#FIS #Crypto #TechnicalAnalysis #Binance
Key Observation: Pattern suggests massive accumulation phase since 2022, with potential for significant upside movement on volume confirmation.
Pattern Structure:
- Price: $0.4667 (-2.24%)
- Timeframe: Weekly (1W)
- Clear triple bottom formation (2022-2024)
- Strong horizontal support: $0.42
Major Price Targets:
TP1: $1.2867 (344.08% potential)
TP2: $2.3459 (501.44% potential)
Technical Insights:
- Triple bottom pattern confirmed with three tests of $0.42 support
- Multiple touches of resistance at $0.90-1.00 zone
- Clear bullish divergence on weekly timeframe
- Moving averages showing potential golden cross setup
THIS 1H CHART VIEW
Key Levels:
▪️ Major Support: $0.42 (Must Hold)
▪️ Immediate Resistance: $0.90
▪️ Breakout Level: $1.00
Risk Management:
- Entry Zone: $0.45-0.48
- Stop Loss: Below $0.40 (Weekly close)
- Risk:Reward ratio
• To TP1: 1:15
• To TP2: 1:25
Timeframe: Weekly
Bias: Strong Bullish on Break
Pattern: Triple Bottom / Accumulation
Note: Such high targets require patience and proper position sizing. This is a long-term setup. Not financial advice.
#FIS #Crypto #TechnicalAnalysis #Binance
Key Observation: Pattern suggests massive accumulation phase since 2022, with potential for significant upside movement on volume confirmation.
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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.
Related publications
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.