Long
OMUSDT (MANTRA DAO) - BUY ENTRY
ANALYSIS 🔎
- OMUSDT hit an ATH and retraced.
- Price retested the flip horizontal support (FHS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at the retest zone.
- Price action printed the bullish double bottom (DB) pattern.
- Price brokeout above the double bottom (DB) neckline resistance (NR).
- This is a bullish signal.
- The market is currently undergoing a minor retracement, retesting the neckline resistance (NR) and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's an uptrend continuation possibility from this zone.
BUY ENTRY ⬆️
- Market price.
TARGETS 🎯
- Swing high resistance (0 fibonacci retracement level).
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (1 fibonacci retracement level) (S1).
- OMUSDT hit an ATH and retraced.
- Price retested the flip horizontal support (FHS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at the retest zone.
- Price action printed the bullish double bottom (DB) pattern.
- Price brokeout above the double bottom (DB) neckline resistance (NR).
- This is a bullish signal.
- The market is currently undergoing a minor retracement, retesting the neckline resistance (NR) and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's an uptrend continuation possibility from this zone.
BUY ENTRY ⬆️
- Market price.
TARGETS 🎯
- Swing high resistance (0 fibonacci retracement level).
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (1 fibonacci retracement level) (S1).
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.