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
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。