ANALYSIS 🔎
- SANDUSDT was bounded in the descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
- The market hit a swing high and retraced.
- Price is retesting the descending triangle's inclined resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
-There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- A breakout above this descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: Fibonacci retracement levels.
TARGETS 🎯
- Horizontal resistance level (@0.62986).
- Horizontal resistance level (@0.66488).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
- SANDUSDT was bounded in the descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
- The market hit a swing high and retraced.
- Price is retesting the descending triangle's inclined resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
-There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- A breakout above this descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: Fibonacci retracement levels.
TARGETS 🎯
- Horizontal resistance level (@0.62986).
- Horizontal resistance level (@0.66488).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.