A wave up for TOTAL DeFi?DeFi found support at the 1:1 pocket as discussed in my recent TOTALDEFI publish.
A wave up could be expected from here, and if this is the case, there are a few resistance zones I have in mind.
Accumulation Resistance: Price could struggle to break out of this resistance structure.
GW Resistance Structure: If price breaks through the previous accumulation area, we have a 0:0.618 resistance window.
200 MA: Slightly beyond GW structure we have the 200 MA.
Demand Line: We also have the demand lIne resistance.
Overall - I am favoring the outcome of finding resistance at the 200 MA, as this has proven to be significant resistance once we go under.
TOTALDEFI could very well be warming up here. I will make a publish later that could strengthen those odds; regarding GOLD and its effects on TOTAL.
Good Luck Traders.
-Not Financial Advice-