đ $XNY is showing a potential technical setup!
This weekly chart highlights an extended consolidation phase with a potential harmonic butterfly pattern pointing toward lower macro targets if support gives way.
đ The Technical Setup:
⢠The Pattern: Potential Harmonic Butterfly pattern
⢠Short-term Target: 0.006505
⢠Macro Objective: 0.001011
⢠Market Structure: Range consolidation / potential reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.006505 - 0.007009
⢠Resistance: 0.008000 - 0.008862
⢠Breakout Level: 0.007716
⢠Stop Loss / Invalidation: 0.008862
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Price stalling near mid-range Fibonacci levels
⢠Trend: Macro range bound structure
â ď¸ Invalidation:
A decisive weekly close above the 0.008862 resistance level would invalidate this setup.
Monitor key Fibonacci and support zones closely for potential breakout or breakdown confirmation.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#XNY #crypto #BinanceSquare #tradingview #TechnicalAnalysis
This weekly chart highlights an extended consolidation phase with a potential harmonic butterfly pattern pointing toward lower macro targets if support gives way.
đ The Technical Setup:
⢠The Pattern: Potential Harmonic Butterfly pattern
⢠Short-term Target: 0.006505
⢠Macro Objective: 0.001011
⢠Market Structure: Range consolidation / potential reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.006505 - 0.007009
⢠Resistance: 0.008000 - 0.008862
⢠Breakout Level: 0.007716
⢠Stop Loss / Invalidation: 0.008862
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Price stalling near mid-range Fibonacci levels
⢠Trend: Macro range bound structure
â ď¸ Invalidation:
A decisive weekly close above the 0.008862 resistance level would invalidate this setup.
Monitor key Fibonacci and support zones closely for potential breakout or breakdown confirmation.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#XNY #crypto #BinanceSquare #tradingview #TechnicalAnalysis
