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PROMBUSD

PROM ACCUMULATION PHASE - $29 TP & BEYONDIn the past months, prom made a plethora surge in price to $100 and then made a sharp retracement back to its support level at $8 while $17 was acting as the resistance zone. Presently, the $17 zone has been broken and is now known to be the new support level, prom continues to consolidate btw $17 to $21 which is the main resistance level. A daily close above this level with validate an uptrend to $29 which is next to the Main R levels and then we'd see a continuous uptrend in price. Trajectories of the main s\r levels have been provided on chart. You can drop a line if you've got questions. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates
PLong
by Pearl-A
PROMBUSD { PROMETEUS } - BULLISH SETUPANALYSIS 🔎 - PROMBUSD is on an uptrend supported by the ascending trendline support. - The market hit a swing high and retraced. - Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - Price action is printing an inverse head and shoulders pattern at the retest zone. - The inverse head and shoulders pattern is a bullish reversal pattern. BUY ENTRY ⬆️ - Breakout above the inverse head and shoulders neckline resistance (@15.5) TARGETS 🎯 - Horizontal resistance level (@17.27). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the right shoulder's horizontal support level (@14.384).
PLong
by Chibuike_Odoh