🚀 $CC is showing a potential technical setup!
The weekly timeframe displays a potential double bottom reversal forming after a prolonged corrective downtrend, with a recent strong green recovery candle.
📈 The Technical Setup:
• The Pattern: Double Bottom / Reversal Structure
• Short-term Target: 0.1550
• Macro Objective: 0.1600
• Market Structure: Reversal
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.0900 - 0.0950
• Resistance: 0.1550 - 0.1600
• Breakout Level: 0.1255
• Stop Loss / Invalidation: 0.0880
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Strong bullish weekly expansion candles
• Trend: Reversal structure off local lows
⚠️ Invalidation:
A weekly close below the 0.0880 swing low support area.
Patience is advised to see if momentum sustains above current levels toward the marked targets.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#CC #crypto #BinanceSquare #Binance #TechnicalAnalysis
The weekly timeframe displays a potential double bottom reversal forming after a prolonged corrective downtrend, with a recent strong green recovery candle.
📈 The Technical Setup:
• The Pattern: Double Bottom / Reversal Structure
• Short-term Target: 0.1550
• Macro Objective: 0.1600
• Market Structure: Reversal
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.0900 - 0.0950
• Resistance: 0.1550 - 0.1600
• Breakout Level: 0.1255
• Stop Loss / Invalidation: 0.0880
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Strong bullish weekly expansion candles
• Trend: Reversal structure off local lows
⚠️ Invalidation:
A weekly close below the 0.0880 swing low support area.
Patience is advised to see if momentum sustains above current levels toward the marked targets.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#CC #crypto #BinanceSquare #Binance #TechnicalAnalysis
