OP has been in a strong macro downtrend, respecting a descending structure since the 2024 highs. Price has now reached a key historical demand area around 0.11–0.13, where downside momentum is starting to slow.
On the weekly timeframe, the market is reacting from this support while RSI is sitting near oversold levels, suggesting selling pressure may be exhausting. At the same time, MACD momentum is flattening, which often appears during late-stage downtrends.
On the 6H timeframe, price is currently forming a tight compression structure (symmetrical triangle) after the sharp sell-off. This type of consolidation usually acts as a volatility build-up before a directional move.
Key scenarios
• Bullish scenario:
A breakout above the triangle resistance could trigger a strong relief rally toward 0.20, with continuation potential toward 0.28–0.30 if momentum expands.
• Bearish scenario:
Failure to hold the current structure and a breakdown below 0.11 would invalidate the recovery setup and expose price to new cycle lows.
On the weekly timeframe, the market is reacting from this support while RSI is sitting near oversold levels, suggesting selling pressure may be exhausting. At the same time, MACD momentum is flattening, which often appears during late-stage downtrends.
On the 6H timeframe, price is currently forming a tight compression structure (symmetrical triangle) after the sharp sell-off. This type of consolidation usually acts as a volatility build-up before a directional move.
Key scenarios
• Bullish scenario:
A breakout above the triangle resistance could trigger a strong relief rally toward 0.20, with continuation potential toward 0.28–0.30 if momentum expands.
• Bearish scenario:
Failure to hold the current structure and a breakdown below 0.11 would invalidate the recovery setup and expose price to new cycle lows.
Market Structure • Price Action • Crypto Updates
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🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.