Greetings to all traders,
I would like to bring to your attention a potentially lucrative bullish opportunity that has emerged in the market. The initial psychological resistance level is situated around the $1 mark (0.618 Fib), while a more substantial weekly and daily resistance zone can be found between $0.55 and $0.58 (0.216 Fib). Notably, the weekly volume candle recently reached an unprecedented high, which strongly suggests the potential for further upward momentum. This observation further reinforces the notion that the recent price action is not a deceptive "fake-out" candle.
Furthermore, the $1.46 zone (1 Fib) presents an intriguing target. Should a general bullish impulse or bullish bull wave materialize, we may witness price action extending beyond this level.
I hope this analysis provides valuable insights for your trading endeavors.
I would like to bring to your attention a potentially lucrative bullish opportunity that has emerged in the market. The initial psychological resistance level is situated around the $1 mark (0.618 Fib), while a more substantial weekly and daily resistance zone can be found between $0.55 and $0.58 (0.216 Fib). Notably, the weekly volume candle recently reached an unprecedented high, which strongly suggests the potential for further upward momentum. This observation further reinforces the notion that the recent price action is not a deceptive "fake-out" candle.
Furthermore, the $1.46 zone (1 Fib) presents an intriguing target. Should a general bullish impulse or bullish bull wave materialize, we may witness price action extending beyond this level.
I hope this analysis provides valuable insights for your trading endeavors.
Note
Bollinger bands narrowed down and price action above the blue line. Do you see the resemblance?? Note
Price reached the psychological level $1 .If price action is able to stay above, we may experience another x2 from this levels in the future!Note
We could not stay above $1 but another round of attempts for $1 may start sooner!Trade active
Trade is active again. We were only able to reach first target last time. If we get overall bullish wave in altcoin market , this coin should go beyond and above last targets.Trade is active again. Note
Divergence indicators have only flashed twice, and the last one just occurred. Following this signal, it is reasonable to expect gains of 3x to 6x! Currently at $0.18
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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.