ANALYSIS 🔎
- JUV/BUSD is on an uptrend supported by the ascending trendline support.
- Price hit a swing high and retraced for a retest of the ascending trendline support and key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline.
- We could be on the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Conservative entry: breakout above the horizontal resistance level (@13.28).
- Aggressive entry: current market price.
TARGETS 🎯
- Horizontal resistance level (@14.55).
- Horizontal resistance level (@16.07).
- Horizontal resistance level (@20.56).
- Fibonacci extension level 1.0 (@22.86).
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and fibonacci retracement level 0.786 (@12.17).
- JUV/BUSD is on an uptrend supported by the ascending trendline support.
- Price hit a swing high and retraced for a retest of the ascending trendline support and key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline.
- We could be on the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Conservative entry: breakout above the horizontal resistance level (@13.28).
- Aggressive entry: current market price.
TARGETS 🎯
- Horizontal resistance level (@14.55).
- Horizontal resistance level (@16.07).
- Horizontal resistance level (@20.56).
- Fibonacci extension level 1.0 (@22.86).
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and fibonacci retracement level 0.786 (@12.17).