đ $BTW is showing a potential technical setup!
The asset is displaying a powerful impulsive breakout structure on the weekly timeframe following an extended accumulation phase.
đ The Technical Setup:
⢠The Pattern: Fibonacci Extension Expansion and Strong Momentum Breakout
⢠Short-term Target: 1.3499
⢠Macro Objective: 1.5680
⢠Market Structure: Impulsive breakout continuation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.7789 - 0.9137
⢠Resistance: 1.3499
⢠Breakout Level: 1.1318
⢠Stop Loss / Invalidation: 0.7789
đ Confirmation:
⢠Volume: Expanding green candles indicate strong buyer participation
⢠Momentum: High bullish momentum with aggressive continuation candles
⢠Trend: Strong macro uptrend following an accumulation phase
â ď¸ Invalidation:
A decisive weekly close back below the 0.7789 support zone would invalidate the immediate bullish continuation setup.
The asset is experiencing strong impulsive upside movement; traders should monitor key Fibonacci extension levels for potential reactions.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#BTW #crypto #BinanceSquare #Binance #TechnicalAnalysis
The asset is displaying a powerful impulsive breakout structure on the weekly timeframe following an extended accumulation phase.
đ The Technical Setup:
⢠The Pattern: Fibonacci Extension Expansion and Strong Momentum Breakout
⢠Short-term Target: 1.3499
⢠Macro Objective: 1.5680
⢠Market Structure: Impulsive breakout continuation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.7789 - 0.9137
⢠Resistance: 1.3499
⢠Breakout Level: 1.1318
⢠Stop Loss / Invalidation: 0.7789
đ Confirmation:
⢠Volume: Expanding green candles indicate strong buyer participation
⢠Momentum: High bullish momentum with aggressive continuation candles
⢠Trend: Strong macro uptrend following an accumulation phase
â ď¸ Invalidation:
A decisive weekly close back below the 0.7789 support zone would invalidate the immediate bullish continuation setup.
The asset is experiencing strong impulsive upside movement; traders should monitor key Fibonacci extension levels for potential reactions.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#BTW #crypto #BinanceSquare #Binance #TechnicalAnalysis
