Technical Analysis:
Price rallied from 0.142 to 0.287 and is currently forming the handle of a potential cup & handle pattern.
Price is sitting at the key 0.618 Fibonacci retracement level (0.198 USDT).
If this support holds and price breaks above resistance levels with strong volume, the cup & handle pattern may activate.
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🎯 Targets:
1. First resistance: 0.215 USDT (50% Fib)
2. Second resistance: 0.232 USDT (38% Fib)
3. Key breakout level: 0.287 USDT
4. Classic pattern target: 0.432 USDT
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🛡 Stop Loss:
Below 0.170 USDT (slightly under the 0.786 Fib & handle bottom)
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✅ Entry Confirmation Criteria:
1. Hold above 0.198 support
2. Break and close above 0.215
3. Breakout above 0.287 with strong volume
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💡 This analysis is for educational purposes only and is not financial advice. Always use proper risk management.
Price rallied from 0.142 to 0.287 and is currently forming the handle of a potential cup & handle pattern.
Price is sitting at the key 0.618 Fibonacci retracement level (0.198 USDT).
If this support holds and price breaks above resistance levels with strong volume, the cup & handle pattern may activate.
---
🎯 Targets:
1. First resistance: 0.215 USDT (50% Fib)
2. Second resistance: 0.232 USDT (38% Fib)
3. Key breakout level: 0.287 USDT
4. Classic pattern target: 0.432 USDT
---
🛡 Stop Loss:
Below 0.170 USDT (slightly under the 0.786 Fib & handle bottom)
---
✅ Entry Confirmation Criteria:
1. Hold above 0.198 support
2. Break and close above 0.215
3. Breakout above 0.287 with strong volume
---
💡 This analysis is for educational purposes only and is not financial advice. Always use proper risk management.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.