ANALYSIS 🔎
- BTCST/USDT brokeout above the double bottom neckline resistance, hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.7 - 0.786) and the double bottom neckline resistance.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- We could be at the verge of an uptrend continuation.
BUY ENTRY ⬆️
- The key fibonacci retracement zone (0.618 - 0.7 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@65.52)
- Horizontal resistance level (@90.86)
- Fibonacci extension level (@115.50).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@28.59).
- BTCST/USDT brokeout above the double bottom neckline resistance, hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.7 - 0.786) and the double bottom neckline resistance.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- We could be at the verge of an uptrend continuation.
BUY ENTRY ⬆️
- The key fibonacci retracement zone (0.618 - 0.7 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@65.52)
- Horizontal resistance level (@90.86)
- Fibonacci extension level (@115.50).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@28.59).